# Long Call Options on Tensors

### What are Long Call Options on Tensors? <a href="#docs-internal-guid-4b861732-7fff-29e7-1301-40079dffc095" id="docs-internal-guid-4b861732-7fff-29e7-1301-40079dffc095"></a>

This vault enables users to go long call options on Teragon Risk-Controlled Strategies. The Tensor's volatility target cheapens the option value by synthetically lowering the volatility level.

### Implementation Example

* Teragon GCI 50% Volatility (50vol) Risk-Control Strategy on BSC
* Users deposit BUSD into the vault
* Market makers provide offer quotes for the call option
* If the call option is exercised, then the user receives the notional value of Teragon GCI Index 50vol Risk-Control Strategy vault token
* If the call option is not exercised, users receive their option premium and yield generated on cash as BUSD

### Coming Soon


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