# Usage

- [For Hedging](/carmine-options-amm/usage/for-hedging.md): Explore the power of Carmine Options in mitigating portfolio risk through diverse hedging strategies using call and put options.
- [For Speculation](/carmine-options-amm/usage/for-speculation.md)
- [For Trading](/carmine-options-amm/usage/for-trading.md): Options have a rich palette of trading-related usecases and options volumes in traditional finance have been steadily growing
- [Arbitraging the AMM](/carmine-options-amm/usage/arbitraging-the-amm.md)
- [Future Use Cases Unlocked by the Composability of DeFi](/carmine-options-amm/usage/future-use-cases-unlocked-by-the-composability-of-defi.md)
- [Hedging Impermanent Loss](/carmine-options-amm/usage/future-use-cases-unlocked-by-the-composability-of-defi/hedging-impermanent-loss.md): More technical look into how we'll be hedging IL with traditional European style options