Options are a popular financial instrument used in derivatives trading. They provide traders with the right to buy or sell a specific underlying asset at a predetermined price, known as the strike price, within a specified period of time. Unlike futures, options offer the flexibility to buy or sell without the obligation to do so.

An options contract typically includes specifications such as the type (call or put), underlying asset and quantity, strike price, expiry date, settlement terms, and option premium. Call options give the owner the right to buy the underlying asset, while put options give the owner the right to sell it.

One of the key benefits of options trading is the ability to profit from market movements in any direction, including downward or sideways. Options can also be used as a hedging strategy to protect against potential losses.

Options trading does come with risks, however, and requires a strong understanding of financial markets and risk tolerance. It's important to carefully consider the potential risks and rewards before investing in options.

When it comes to choosing between options and futures, the decision ultimately depends on individual risk preferences and costs. Futures have smaller funding fees, making them a more attractive option for those who prefer symmetric risk profiles. On the other hand, options offer asymmetric benefits and may be preferred by traders willing to pay higher funding fees for the potential of greater returns.

Deri Protocol is a popular platform for trading perpetual options, known as Everlasting Options. Traders can take advantage of the platform's user-friendly interface and low slippage to make informed trades and potentially earn profits in any market condition.

In conclusion, options trading can be a powerful tool for experienced traders looking to diversify their portfolio and take advantage of market movements. With the right knowledge and risk management strategies in place, options trading can offer attractive benefits and potential returns.