PancakeSwap, a prominent decentralized exchange, has officially launched options trading on its platform, marking a significant expansion of its financial products. This new offering, named CLAMM Options, is the result of a collaboration with Stryke, a cutting-edge options protocol. The launch introduces a groundbreaking product that combines PancakeSwap's robust platform capabilities with Stryke's innovative options trading solutions, first available on the Arbitrum chain ($ARB). The options trading feature, highlighted as American style with diverse expiry durations ranging from 1 hour to 24 hours, allows users to trade options, build on-chain options liquidity, earn premiums, and collect swap fees. This collaboration, leveraging $SYK x $CAKE, revolutionizes the DeFi space by merging traditional financial instruments with decentralized finance (DeFi) mechanisms.