Vimpel Communications (VIP) adds 12 cents to $12.52 and a 10000-contract block of VIP Dec 12 puts trades at 75 cents when the market was 70 to 90 cents. Looks opening and tied to 440K shares at $12.30. The contract is 4.3 percent OTM with a delta of -.40. Shares of the telcomm giant touched new 52-week lows of $11.75 on 7/18, but are up 6.6 percent since that time. Earnings expected late-Aug, early-Sep.

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