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Bears piling back into VIX note

These days, it's trading more than Microsoft and Facebook shares

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BANKING ON VOLATILITY: Traders working in the VIX options pit on the floor of the CBOE .

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BANKING ON VOLATILITY: Sustained gains in US stocks have proven elusive on the NYSE (above), with the S&P 500 having dropped 2.5% this week.

New York

SPECULATORS are again piling into an exchange-traded note (ETN) that lets them bet on how long days of calm will last in the US stock market.

The trade, using a six-year-old security known as VXX that sees more average daily volume than shares of Microsoft Corp and...

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