Ah, yes, derivatives, the one word I have to look up the meaning every time I want to use it.
Thanks to BitMex, we have Perps within crypto as I wouldn't trade options or futures even if I was offered the capital for free.
That said, ChatGPT frames "the lack of option in futures" contract as the "absence of obligation," essentially why the "premium fee" exists in options, to get away from the "obligation" of fulfilling the contract.