# Trading on Siren: A Step-by-Step Guide

**Step 1: Access the Siren Platform**

* Visit the Website: Open your web browser and go to the [Siren.xyz](https://docs.siren.xyz/tutorials/www.Siren.xyz) website.
* Connect Your Wallet:
  1. Click on the "Connect Wallet" button.
  2. Select your preferred wallet (e.g., MetaMask, WalletConnect).
  3. Follow the prompts to connect your wallet to the platform.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXfroRlZ7iB0_IC9bXGr0Mu8i-T55FZd17-nR1eDkzaGnUt-NCTEMbau890HDOYZD9pTtTL5oWJOYZxz7mJIFGbLXPGiw1qFwb5TY4EixRmcmhKsnzLZaWKV9bAbIHEDSYod2ofgQSZZwP0SRyIP4MoCv9m_?key=7AM06troDJmjxJMHKNb4Nw)

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeZdzNyMotDSTkhOjLvm-kZ2mID1xzgna9JtD2g8hN3abAOTYyBpzapHB9cGIdlU2sI6HpIwT8emAwVbV-2EzF5VY0rPPt2Jf_ZxaWhpVd31dsubz52p8kx04qELLeTJauOHvfbbo2ZQC2bmhO-IwlUDT4k?key=7AM06troDJmjxJMHKNb4Nw" alt=""><figcaption></figcaption></figure>

**Step 2: Understanding the Interface**

* Dashboard Overview:
  * The main dashboard displays market data, including available options, their strike prices, and expiry dates.
  * The portfolio section shows your current holdings and their performance.
* Navigation Menu:
* Use the navigation menu to switch between different sections like Markets, Portfolio, and Trade.

**Step 3: Exploring the Markets**

**Browse Available Options:**

1. Go to the "Markets" section.
2. Filter options by asset, expiration date, or strike price to find the options you are interested in.

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf5gHQJQf7YR0lEXNldd8VEbH2p0SAfmEjN9PNgGcvOU-6dXbR7ZgdjCTA6qKULNzagWkeHOHzV9Lu7dEbGOp0SLHUfQQKtwe-drSl5IUhaXK0LEm7yA4tpQobHgRVSZ_i3gC7sHni3wPkGSIYjuap2Xc59?key=7AM06troDJmjxJMHKNb4Nw" alt=""><figcaption></figcaption></figure>

**Option Details:**

* You can toggle “Expert” mode to view detailed information, including the premium, implied volatility, and Greeks.

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcBh31c_YXWBbDXGz6l7a9T_4yx3LYGK-iLXgj24Gnob9N9hE_RAStuZJJ1DDGB4AZfNG5hsmec46RN4_6ko0zooh0S11IXMPJPiKkfTbLae7vKzxl_V_c9-VbXCF94ivtP7Lz0YWGPoJiy7o6bExP0L8uz?key=7AM06troDJmjxJMHKNb4Nw" alt=""><figcaption></figcaption></figure>

**Step 4: Trading Options**

**Opening a Position:**

1. Select the option you wish to buy or sell (you can also add multiple options)
2. Enter the number of contracts

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcYUvdtXXhLy4o1pNgpTLB7h5sGZmYuelDhFOZ3AAG3ZRWLhJ2BCjt4zEhmN5txmJeqxTBZxyW5zqM7q8m3wQ0qF4P81Fxh0XwesVxJS0XkeLwXWxdcnh6bpzcUw7XWJn5PVvwLZQdaQxBhJPHAySV1tVOj?key=7AM06troDJmjxJMHKNb4Nw" alt="" width="375"><figcaption></figcaption></figure>

3. Click "Continue"

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf1-VSu4udXmVy35jyEY_uk3ZH0pHbRfUceXsUGdh8w_88dr7cu4pZAwQW2Ar1dsqHpPnYR-7dgg5mmyIKDo2LkOiT3AJ61OlHg_90TD9Tx0Bkj06TeStUPd9ctLJxuykGiUWP0dL4f-81Z9Orae19vwWOX?key=7AM06troDJmjxJMHKNb4Nw" alt="" width="375"><figcaption></figcaption></figure>

* PRO TIP: you can bridge USDC to Arbitrum from any network supported by LiFi using the “Bridge USDC” button

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXckQ3hQTS7WwfrN-c4sd51CdHxG9vc9Ll-Dd4P4DULDmvHqMkTUWlUIFY9JjEpk3z3jjfFIVjsAHDSFcjoIlRMQ2zqhJ3VymJAZB1eN-bNEeBZ73wHirzf9ptqJ4G1HfYPKzQv6f9u3ZcebGOH2ZK6ZiyU?key=7AM06troDJmjxJMHKNb4Nw" alt="" width="375"><figcaption></figcaption></figure>

* Once USDC arrived on Arbitrum, you can proceed with the trade by setting up the allowance

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdnws3HRx9E7AP4Wy8xhM-vYPacaAHyPniASr3hi1nejd5uO6o9DUerSklZPNaFr49lPxhWYCZpg0j8NtnNS1GJUPXhD8E3GjG_je6r_FgeHY-rAhdSyijfnUOXv9ZWKSTfo6m2GehDuTayqxqD-LdRKWTS?key=7AM06troDJmjxJMHKNb4Nw" alt="" width="375"><figcaption></figcaption></figure>

5. Once the token allowance is completed, click Confirm Trade

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdcHj77CAyUN0SFbY0UwD89Q59Nhji6bzK8OkRy2keY_8p4mL1BFxHqO-wr6EsBqfgfJ3Js2A_txlqq3UqbxdQTC2YkARmj1jgzSjoG3Hy63LCtADSTPnIVWH01FwIJUo-GBot2ATVJgTa6e6TNEKLveeCf?key=7AM06troDJmjxJMHKNb4Nw" alt=""><figcaption></figcaption></figure>

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXev-RgY1JUw9kwONam7xOm6DDMMTAzefzLRxQb_9BIfo38nZe2_hbk_WcpAVkjAXCi11c9H8oLhRY9hf1KyTM4APvHQTbW7BZWTkrYpgzSzv4G_PZvD1tHgyRbXEiFCJC2xXqyGetnh_eE6XgkPtcVTbvM0?key=7AM06troDJmjxJMHKNb4Nw" alt="" width="375"><figcaption></figcaption></figure>

**Closing an Existing Position:**

1. Navigate to your portfolio and select the position you wish to close or reduce.
2. Enter the number of contracts.
3. Click "Continue" and follow the prompt as above

**Step 5: Managing Your Portfolio**

To view holdings:

* Go to the "Portfolio" section to see all your current option holdings.
* Check the performance and value of each option on the “Account Performance” section.

<figure><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXddldRyPqtUjBT44rvctrwTA1OdgmiZ_z1ICExmy6sQlVXH95dbJ4Bz7AlOX7pdyRbQmmzVLxyEpU8lJddY3BZrXEDST7aNn3ObmM-t5r580exO6RT2Ju3WuOrKcuaOys8KU0Qt3TKPbfuj14HAdbtCSpGT?key=7AM06troDJmjxJMHKNb4Nw" alt="" width="563"><figcaption></figcaption></figure>

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