Options Action Traders Share Their Picks For March 27

On CNBC's Options Action, Steve Grasso said he would stay long the market because it's going to trade much higher from its current levels.

David Seaburg wants to close his long position in KBW Nasdaq Bank Index BKX. He opened the long position on Tuesday and he is going to take profits on Monday.

Mike Khouw thinks it would be a good idea to sell the June 47.50 puts in Halliburton Company HAL.

Dan Nathan wants to use options to take a short position in SPDR S&P 500 ETF Trust SPY and a long position in iShares Barclays 20+ Yr Treas.Bond (ETF) TLT.

Guy Adami is a buyer of iShares Barclays 20+ Yr Treas.Bond (ETF).