> For the complete documentation index, see [llms.txt](https://docs.divergence-protocol.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.divergence-protocol.com/user-guide.md).

# User Guide

- [📈Long Options](https://docs.divergence-protocol.com/user-guide/long-options.md): Select a collateral, swap for Spear tokens as calls, or Shield tokens as puts, and chill 😎
- [🔥Open Longs](https://docs.divergence-protocol.com/user-guide/long-options/open-longs.md)
- [🌊Close Longs](https://docs.divergence-protocol.com/user-guide/long-options/close-longs.md)
- [👨‍🌾Exercise Options](https://docs.divergence-protocol.com/user-guide/long-options/exercise-options.md)
- [📉Short Options](https://docs.divergence-protocol.com/user-guide/short-options.md): Liquidity providers are options sellers. They passively sell calls or puts at custom prices. In a pool, multiple liquidity positions can be minted, each as an NFT.
- [💧Open Shorts](https://docs.divergence-protocol.com/user-guide/short-options/open-shorts.md)
- [🔚Finalize Shorts](https://docs.divergence-protocol.com/user-guide/short-options/finalize-shorts.md)
- [📥Close Shorts](https://docs.divergence-protocol.com/user-guide/short-options/close-shorts.md)
- [⏰Expiry Withdrawal](https://docs.divergence-protocol.com/user-guide/short-options/expiry-withdrawal.md)
- [🍸Dive Bar](https://docs.divergence-protocol.com/user-guide/dive-bar.md): Experimental prediction markets for those who would like to take a stand.