Market Vectors Russia (RSX) January puts are active, after 10,000 traded at the 14 and 11 lines. The 14s hit bid-side for $1.50 while the 11s hit on the offer for 45 cents. Looks like closing of a vertical spread opened on 12/19 for $1.20. RSX is down 6.5 percent since that time, but that was not enough of a move to produce a profit–the spread showed a 15-cent loss instead.