> 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/long-options/exercise-options.md).

# 👨‍🌾Exercise Options

At expiration, option pools can be settled according to price feeds provided by oracles. Traders can exercise their held-to-maturity options and claim the payout individually, if any. 

### 💰Exercise Option Positions

If your outstanding longs expire in-the-money🤑, you'll be able to receive one collateral unit per option token from the options pool. Otherwise, your longs expire worthless💀. 

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