Bull One who believes prices will move higher. At the heart of the financial market lies the concept of futures and options. These are contracts that allow an investor to buy or sell an asset at a predetermined price in the future. The months in which these contracts are traded, known as the "futures or options on futures months," can range from a few weeks to several years. There are two types of investors in the market - bears and bulls. Bears predict that prices will decrease, while bulls anticipate a rise in prices. Understanding the roles of bears and bulls is crucial in navigating the complex world of finance. As a knowledgeable professor, it is essential to grasp these fundamental terms to excel in the ever-changing financial landscape.