From 3 p.m. to 5 p.m. ET today, the Motley Fool Options team will be hosting a live chat -- click below to join us!

Over the past 30 months, we've watched the S&P 500 plunge precipitously before staging a 70% comeback. Then came severe wobbles on worries about the U.S. economy and that of Greece. The stunning 1,000-point single-day drop in the Dow, which saw names like Procter & Gamble (NYSE: PG) fall 37%, and Accenture (NYSE: ACN) and Boston Beer (NYSE: SAM) plummet briefly to $0.01 per share, further underscored the amazing volatility that's becoming a part of daily life for investors.

It's enough to make us ask what tools we should be using to manage and exploit this crazy market.

This morning, Jeff Fischer (TMFFischer), co-founding advisor of Motley Fool Options, explained how you can use covered calls to invest in Intel (Nasdaq: INTC) with 4% downside protection and 12% upside -- but there are many other ways to use options to build a strong portfolio.

Today you can chat live with Jeff, co-advisor Jim Gillies (TMFCanuck), and senior analyst Nick Crow (TMFCrow). You'll have the virtual podium to ask the team about options, particularly how to use them effectively to make money in up, down, or flat markets.

Join us to discuss below! We'll be chatting from 3 p.m. to 5 p.m. ET.

Accenture and Intel are Motley Fool Inside Value selections. Procter & Gamble is a Motley Fool Income Investor choice. The Fool has created a covered strangle position on Intel. Motley Fool Options has recommended a buy calls position on Intel. The Fool owns shares of Procter & Gamble. The Motley Fool has a disclosure policy.