Tim Biggam's Market Vector Russia ETF Trust Trade

Tim Biggam of Delta Derivatives spoke on Bloomberg Markets about his bearish options trade in Market Vector Russia ETF Trust RSX.

He thinks the stock is overbought as its 14-day RSI is trading over $80. He wants to take a short position with a purchase of the January 22 puts for $1.50. The trade breaks even at $20.50 or 3.80 percent below the current market price.