Traders Rekindle Taste for Volatility Trading in Latest VIX Jump
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The awakening of market turmoil has revived a penchant for volatility trading.
The number of VIX options and futures changing hands hit the highest level since February on Wednesday as the index jumped 44 percent, the most since its record spike on Feb. 5, according to data compiled by Bloomberg. At the same time, an exchange-traded product that gains with the volatility gauge was the second-most active ETP on U.S. exchanges as more than 116 million of its shares traded.