Watch—options strategies for a volatile market

Derivatives expert Mike Khouw joined CNBC Pro on Friday to discuss why every investor should use options.

During his talk with CNBC's Mike Santoli, Khouw, a 20-year Wall Street veteran and co-author of "The Options Edge," explained how options can be used in a volatile environment like today to generate steady income, if they are used properly.

By using real-life examples, he walks investors through these strategies.

Santoli also challenges Khouw on the very real risks investors face when they decide to start trading options.

Given the explosive growth in options volume over the last decade, this interview is a must watch for anyone looking to gain expertise in this area of the market.