# 💧Open Shorts

To open a naked short position on either calls (spear tokens) or puts (shield tokens), liquidity providers must deposit collaterals to the option pool. Later, the deposited collaterals will be utilized and reserved for settlement when option tokens are sold to traders. Liquidity positions can sell both calls and puts while liquidity is active. As premiums from selling a call can settle a put, and vice versa, an LP's short exposure is only limited to **net shorts in either calls or puts**: 

<table><thead><tr><th width="380">Short Calls</th><th>Short Puts</th></tr></thead><tbody><tr><td><ul><li><em>Select a price range for <strong>calls</strong>.</em></li><li><em>The lower price bound has to be higher than the current price of <strong>calls</strong>.</em></li><li><em>This position <strong>sells more calls than puts</strong></em></li><li>Exposure is limited to <strong>net shorts in calls</strong></li></ul></td><td><ul><li><em>Selects a price range for <strong>puts</strong></em></li><li><em>The lower price bound has to be higher than the current price of <strong>puts</strong>.</em> </li><li><em>This position <strong>sells more puts than calls</strong></em></li><li>Exposure is limited to <strong>net shorts in puts</strong></li></ul></td></tr></tbody></table>

### ➕ Provide Sell Liquidity with Collaterals

<figure><img src="/files/CucgptQKFSuvKfmqc6kY" alt=""><figcaption></figcaption></figure>

Specify your desired option terms - underlying, collateral, expiration and browse available strikes.&#x20;

1. Switch the "BUY/SELL" status to "SELL".&#x20;
2. Select "CALL"📈 or "PUT"📉 to go short.&#x20;
3. If you didn't find pools with desired strikes, you can create a new option pool below. &#x20;
4. Select the price ranges at which you would like to short options.&#x20;
5. Enter the amount of collaterals you wish to deposit to the naked short position.
6. Complete the transaction.

###

### 👁‍🗨View Open Orders

Once you have provided sell liquidity using collaterals, you will see it in your "Dashboard-Open Orders" section. You can also view the details of your order, including the number of options you have sold.

<figure><img src="/files/VtEkUB5gxYlshpixr76O" alt=""><figcaption></figcaption></figure>

The following key details of your open order will be available for you:&#x20;

* **Status:** The short status after netting calls and puts that are sold. Learn [here](/overview/protocol-basics/digital-options.md#what-is-put-call-parity).&#x20;
* **Deposit:** The amount of collaterals initially committed to the position.&#x20;
* **Fees:** Total amount of transaction fees you have earned.
* **Premium:** The amount of proceeds you received for selling the options.
* **Sales Volume:** The gross number of calls and puts you have sold.&#x20;
* **Withdrawable:** the amount of collaterals withdrawable upon liquidity removal.&#x20;


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