The term "option" refers to a security that grants the right, but not the obligation, to buy or sell an asset at a fixed and unchanging price. Depending on the type of underlying asset, the security can be divided into three types, one of which is the commodity option.

  At the beginning of 2008, the FORTS exchange announced the introduction of a new financial instrument called the margined option. For a long time, it remained a major topic of debate among participants of the Russian derivatives market. Today, the controversy has subsided, and it's possible to evaluate the results: is this model of financial markets effective, how does it differ from the standard one, and was the introduction of margined options really necessary for the market and its participants?