The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

GeopoliticsHigh Impact•10 March 2026•

1 min read

SPY Options Skyrocket 24,000% on Trump’s Iran Claim Amid Bear Market Fears

Donald Trump centered against a backdrop of an Iranian flag map, oil refineries, and a rising financial chart.

Key Facts

1President Trump claimed the war with Iran is 'complete,' triggering massive intraday market volatility.

2SPY call options experienced a historic surge of over 24,000%.

Financial markets experienced extreme intraday volatility following President Donald Trump's claim that the conflict with Iran is "complete," sparking a wave of immediate optimism. This sudden geopolitical announcement triggered a historic surge in SPY call options, which skyrocketed by more than 24,000%. However, the broader market simultaneously breached a critical technical support level that has historically signaled the onset of a bear market. Analysts suggest that this massive options squeeze was driven by intense speculative buying and rapid short-covering amidst the geopolitical shift. Despite the explosive gains in the derivatives market, underlying technical indicators point toward significant structural weakness. Investors are now closely monitoring whether this momentum can be sustained against a backdrop of long-term technical risks and ongoing uncertainty.