# ✍️ Jasper Pro (Limit) — Introduction & Use Cases

Jasper Pro (Limit) is the world’s first platform for physically settled BTC options, built for traders who want full control over their strategy. It’s ideal for those who value price precision, custom strike and tenor selection, and longer-dated setups. With the ability to settle in real BTC, traders can structure Covered Calls, Protective Puts, and Cash-Secured options to boost yield, hedge effectively, or enter the market at targeted price levels—all with complete flexibility.

## Buyer Strategies

### Protective Put (Sell the Dip)

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FWtiMTiBGENIaKZDfcOVj%2FSell%20the%20Dip%20-%20Protective%20Put.png?alt=media&#x26;token=d6577325-fba4-4f4f-8038-ffce4a32a2c0" alt="" width="563"><figcaption></figcaption></figure>

### Cash Secured Call (Buy the Rally)

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FGlFLj3DvoohXtyNz820O%2FBuy%20the%20Rally%20-%20Cash-Backed%20Call.png?alt=media&#x26;token=ac314168-dca1-4330-868d-1bf97911474f" alt="" width="563"><figcaption></figcaption></figure>

## Seller Strategies

### Covered Call (Sell the Rally)

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2Fys9btpegqT8XTC4j4ykB%2FSell%20the%20Rally%20-%20Covered%20Call.png?alt=media&#x26;token=1bf4f3ab-4e53-48b7-aa45-1b28bc7e2136" alt="" width="563"><figcaption></figcaption></figure>

### Cash Secured Put (Buy the Dip)

<figure><img src="https://2949540665-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtTyUuBQOOKLnlfglEPqD%2Fuploads%2FdZ9FzeWJXXNtedtzAvIG%2FBuy%20the%20Dip%20-%20Cash-Secured%20Put.png?alt=media&#x26;token=42cbca20-fe2b-4278-b534-ffb7946421bd" alt="" width="563"><figcaption></figcaption></figure>