Future & Options F utures and O ptions represent two of the most common form of "Derivatives". Derivatives are financial instruments that derive their value from an 'underlying'. The underlying can be a stock issued by a company, a currency, Gold etc., The derivative instrument can be traded independently of the underlying asset. Todays Tips NIFTY STRADDLE STRATEGY FOR AUG 2017 BUY 1 LOT NIFTY 9700 PUT @ 89 BUY 1 LOT NIFTY 980 0 CALL @ 70