The ability to adapt to markets is what separates the good traders from the great ones. Applying the right strategy that will outperform in a given market condition is paramount to trading success.Options provide us with that flexibility, enabling us to tailor our strategy to the current market environment.The benefit of increased market volatility is that option premiums become very rich. If we purchase an option, we will need to pay a higher premium due to high market volatility. But when we are the optio ...