Let's hear it for the volatility traders.

Funds that made big bets on the Chicago Board Options Exchange Volatility Index (VIX) have posted big rallies over the past seven weeks as the S&P dropped, according to Bloomberg.

For example, the iPath S&P 500 VIX Short-Term Futures exchange-traded note climbed 12 percent to $20.52 and the ProShares Ultra VIX Short-Term Futures ETF soared 23 percent to $7.75, according to data compiled by the news organization.

Read more about the funds that made VIX bets in Bloomberg.  

Edited by: Tommy Fernandez


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