Often, especially when dealing with commodities, there is no option chain on the spot product but only options on the futures contracts. (money.stackexchange.com)
A futures exchange, traditionally, is a term referring to a central marketplace where futures contracts and options on futures contracts trade. (investopedia.com)
The wide range of liquidity in futures and options on futures contracts provide the flexibility to diversify any trading plan and can be personalized around each trader's long - term investment goals. (us.etrade.com)