At The Motley Fool, we don't believe market timing is wise. We believe people are better served saving and investing for the long term without trying to jump in and out of the market.

Keeping that distinction in mind, there are tools that may allow you to even out market volatility and generate returns when the market's flat or down.

In this video, Motley Fool Pro advisor Jeff Fischer explains one of these tools to Motley Fool co-founder Tom Gardner. It's an options strategy called "writing a covered strangle."

If you enjoyed this lesson, then you might be interested in our Motley Fool Pro investing service. Pro aims to deliver consistent, recurring profits with a high level of accuracy in all markets. To learn more, just click here.