# Overview The Symmio Options Protocol is a decentralized, intent-based options trading system that enables peer-to-peer options trading without the need for traditional market makers. Built on the Ethereum Virtual Machine (EVM), the protocol implements a bilateral settlement mechanism, allowing two parties (Party A and Party B) to engage in option contracts with advanced collateral management. The system employs the EIP-2535 Diamond Pattern architecture, organizing functionality into modular facets while maintaining shared storage. Symmio options are implemented as ERC-721 NFTs, granting holders the right (but not the obligation) to buy or sell underlying tokens at specified prices and expiration dates. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.symm.io/options-protocol-architecture/overview.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.