TRADERS BUY VOLATILITY HEDGES Investors are increasing bets on market volatility, with demand for VIX call options reaching its highest level this year. Despite easing U.S.-Iran tensions and strong equity gains, traders are concerned that persistent inflation and a hawkish Fed could lead to higher interest rates. With the S&P 500 near record highs, many investors are seeking protection against a potential market pullback.(*Walter Bloomberg)