I am learning all this stuff for the first time this year as well.
I wanted to say that options are a type of future, but the Internet doesn't seem to agree.
Even though the only difference between a future and option is the lack of the option.
A futures contract forces the trade after a certain amount of time while options do not.
The Internet likes to classify them as "derivatives"
Oh look I have have this in my archive from... 2019... lol.
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.