> For the complete documentation index, see [llms.txt](https://docs.jaspervault.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.jaspervault.io/product/jasper-vault-perpetuals-protect/sl-protect.md).

# SL Protect

### Overview

**SL Protect** is a hedging tool that utilizes Out-of-the-Money (OTM) options to safeguard your perpetual contract positions.

By analyzing your current holdings and the market price, it automatically initiates counter-trend OTM options. This mechanism provides immediate profit protection or liquidation defense during the coverage period—at a significantly lower premium cost.

### **Set protection pre-position**

1. Enable \[Perpetuals Protect] and enter the position size you intend to open.

<figure><img src="/files/a2b9PtiiMRtwutffAnKq" alt="" width="172"><figcaption></figcaption></figure>

2. Choose duration and max loss rate (higher loss = lower fee). Check Strike Price, Size & Protection Fee.

<figure><img src="/files/3Gk5rGGQLbbhJDwLzkr9" alt="" width="172"><figcaption></figcaption></figure>

3. Choose direction and place order.

### **Enable protection post-position**

* #### Protect Open Positions

1. Click \[SL Protect] to your target position.

<figure><img src="/files/oF6lT9hbhDdPbsToRjIb" alt=""><figcaption></figcaption></figure>

2. Choose duration and max loss rate (higher loss = lower fee). Check Strike Price, Size & Protection Fee. then Confirm and Place Order.

<figure><img src="/files/abH9v66HrZ2oa0anTMdM" alt="" width="375"><figcaption></figcaption></figure>

* #### Adjust position size and enable protection

1. Enable \[Perpetuals Protect] and enter the adjusted position size.

<figure><img src="/files/PuOu90sgkVV1XVdPkKsx" alt="" width="172"><figcaption></figcaption></figure>

2. Choose duration and max loss rate (higher loss = lower fee). Check Strike Price, Size & Protection Fee.\
   **Info:** As you hold an open position, this action will apply protection to both new and existing positions.

<figure><img src="/files/czbCfEAsxY4ClWpycGIO" alt=""><figcaption></figcaption></figure>

3. Choose direction and place order.


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