VIX Call Options Hit Record Demand This Year on June 23 as Investors Hedge Market Volatility

According to Bloomberg, on June 23, investors increased demand for VIX call options to the highest level this year amid concerns over persistent inflation and a hawkish Federal Reserve stance that could push interest rates higher.

Despite easing U.S.-Iran tensions and continued gains in the S&P 500, which is near historic highs, market participants are boosting hedging positions through volatility products to protect against potential market downturns.