What’s up with the #VIX?

Among the most ac­tively traded op­tions tied to the VIX in re­cent sessions have been those tied to the gauge jump­ing to as high as 47.5 or 30, a sign that some traders are po­sition­ing for more tu­mult later this year.

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It has now been more than three months since the S&P 500 has pulled back at least 3%, one of the longest such stretches since World War II, Deutsche Bank re­search shows. The av­er­age weekly move for the bench­mark has been less than 1% in either di­rec­tion.