Options Action's Final Trade

On CNBC's Options Action, Dan Nathan suggested that investors should buy March put spreads in iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE: TLT). He added that there are two Fed meetings until March expiration, along with the ECB meeting next week.

Carter Worth is a buyer of Market Vectors Junior Gold Miners ETF (NYSE: GDXJ); he would make a bullish bet on gold with smaller miners.

Mike Khouw, meanwhile, wants to sell call spreads in Facebook Inc (NASDAQ: FB) because volatility is high.

He added that traders with a long position in stocks should sell covered calls.