Is it the “option” days? (IM 535)

Trading has been very unpredictable due to the COVID-19 epidemic. Stock market has been swinging every day in a week making the record high since 1987. Stocks are swimming in the 'red ocean' because of the fear of this crisis. But people buying "options" are making money as you can buy both "call" and "put" which means you can make money when the stock goes up or down. Trading has always been risky, but it's the time to minimize the downside and maximize the upside. I believe buying a long-term option (call) and a short-term (put) might help achieve that goal. But it all depends on how you analyze and select the stocks. It depends on your perspective. So, is it the right time to trade "options"?