1. What is difference between entering into a long forward with forward price $50 and taking a long position in a call option with strike price of $50?

2. What kind of beliefs about the market (Google stock) do you need to have in order to buy a3 months call option on Google stock?

3. What kind beliefs about Apple stock do you need in order to buy a 3 months put option contract on Apple stock?

P.S. Options give you a leveraged position. Option contract consist of 100 options.