# 📈Long Options
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If you are new to the Divergence Protocol, it is advised to start with the [protocol basics](https://docs.divergence-protocol.com/overview/protocol-basics).
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Longing digital options is akin to market buying options in a traditional order book. Instead of matching with specific orders one after another, the swaps execute against a passive pool of liquidity. Liquidity providers earn fees proportional to their committed capital. **The protocol's swap functionalities are long-only. Collateral tokens are swapped for options tokens, not the reverse.**
Before expiry, traders can [close their longs](https://docs.divergence-protocol.com/user-guide/long-options/close-longs) by providing the options they've bought as liquidity to a price range, similar to limit sell orders in a order book. Alternatively, to hedge a number of long calls (puts), one can buy the same amount of puts (calls), or provide collateral liquidity to [open shorts](https://docs.divergence-protocol.com/user-guide/short-options/open-shorts).
After expiry, if the options are in-the-money, they can be [exercised](https://docs.divergence-protocol.com/user-guide/long-options/exercise-options) for 1 collateral token each. The following provide step-by-step guides about using the protocol interface to complete the above steps:
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