Put/Call options on Forwards

Hi, Can anyone suggest a real-world scenario in which you would link options and forwards in this way? Thanks

Well, for futures contracts there are serial options which are options for futures contracts that expire in some forward month. People use them for hedging a transaction that takes place in the option expiration month and then for the usual speculation stuff. (I think serial options usually expire in months in which there is not a futures contract but I haven’t done a rigorous study).