Options trading can be a useful tool for navigating high volatility markets, where price swings are wide and unpredictable. In these market conditions, options can provide traders with a way to mitigate risk, hedge against losses, and potentially profit from price movements.

1. Straddle: A straddle involves buying both a call option and a put option at the same strike price and expiration date. This strategy is useful when you expect a significant price movement, but you're not sure which direction the market will go. If the price moves significantly in one direction, you can exercise the option that's in the money and profit from the price movement while minimizing losses on the other option.
2. Strangle: Similar to a straddle, a strangle involves buying a call option and a put option, but at different strike prices. This strategy is useful when you expect a significant price movement, but you're not sure which direction the market will go, and you want to reduce the cost of the option premiums.
3. Iron Condor: An iron condor involves selling both a call option and a put option at a higher and lower strike price, respectively, while buying a call option and a put option at even higher and lower strike prices, respectively. This strategy is useful when you expect the market to trade within a certain range, and you want to limit your potential losses while still having the opportunity to profit.
4. Butterfly: A butterfly involves buying and selling options at three different strike prices, creating a profit zone between the two middle strike prices. This strategy is useful when you expect the market to remain relatively stable within a certain range, and you want to limit your potential losses while still having the opportunity to profit.
5. Calendar Spread: A calendar spread involves buying and selling options at the same strike price, but with different expiration dates. This strategy is useful when you expect the market to remain relatively stable, but you want to reduce the cost of the option premiums by selling an option with a later expiration date.