Dan Nathan Sees Unusual Options Activity In Market Vector Russia ETF Trust

Dan Nathan spoke on

about a bearish bet in

. He noticed that the options trading volume was 10 times higher than the average daily volume and when the stock was trading at $17.40 there was a buyer of 25,000 of the November 13 puts. The trader paid $0.05 per option and the trade breaks even at $12.95 or 27 percent from the closing price on Thursday. Nathan explained that an investor with a long position in Market Vector Russia ETF Trust could consider this trade as a hedge from a black swan event and he added that he wouldn't buy 3 percent probability puts to protect his position.