Brian Stutland's Genworth Financial (GNW) Trade

Brian Stutland said on CNBC's Options Action that the financial sector has been a roaring bull market, and that sentiment continued on Wednesday. He noticed, on Wednesday, a big transaction in the June 18 call options in Financial Select Sector SPDR (ETF) XLF. This transaction was worth approximately $4 million, and Mr. Stutland sees it as a bullish sign.

He suggested that investors should take a look at Genworth Financial, Inc. GNW, and buy the April 13 call for $0.50. The break even for this trade would be at $13.50. When Brian Stutland recommended a long position in Genworth Financial, Inc. (GNW), it was trading at $12.75, and it closed the session at $13 with an increase of 3.09%.