Anil Singhvi's F&O ki Paathshaala: Learn the basics of Futures and Options
In F&O segment a trader is supposed to buy or sell the underlying asset for a specific price at a pre-determined time. In short, buying a futures contract or options contract means you are making a promise to transfer an asset to the buyer of the future at a specified price at a particular time.
Futures and Options (F&O) segment of the market is different from the cash market. Image source: IANS