SPY & SLB Options Positioning Amid Volatile Selling Action

OptionsPlay's Tony Zhang says investors are "demanding hedging" at current VIX levels and a challenging environment for the Fed. He talks about how geopolitical uncertainty around Iran and energy price spikes play a role in options activity and ways traders can protect their portfolios. He offers a put spread example trade for the SPY and a cash secured put trade for SLB.

Trading 360

12 Mar 2026

SHARE

Schwab Network's Newsletters

Daily insights for every investor