what is f&o in stock market

Futures and Options (F&O) are derivative products in the stock market. They derive their values from an underlying asset, such as shares or commodities, and are used for hedging market risks, locking in asset prices, and speculating on price movements. In futures contracts, the buyer is obligated to purchase the underlying asset, while the seller must deliver it at a predetermined price and date. In options contracts, the buyer has the right, but not the obligation, to buy or sell the underlying asset at a predetermined price and date, while the seller must honor the contract if the buyer chooses to exercise their option