# Long Volatility Products
## **What are Long Volatility Products?**
While the yield enhancement products generally have good performance when the market is less volatile, the long volatility products allow the users to gain large profit if they decide to bet on the volatility increase.
Vovo Finance offer call and put options products which automatically roll the position when the option expires.In addition, a strangle product which consists of both a call and put options could also be offered. This product is suitable for those who are betting on the volatility increase without having a directional view.
A benefit of having both yield enhancement products and long volatility products is that they could trade with each other, reducing the need to source the liquidity elsewhere.
## **How it works on Solana?**
1. User deposits funds into Vovo Vault.
2. The vault periodically buys options from options protocols(e.g., PsyOptions or Zeta). The options are traded with option traders or market makers.
3. The vault collects profit/loss after option expiry.
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