Put/Call Ratio Grows in Genworth (GNW)

Shares of Genworth Financial Inc. GNW are trading flat on the session, currently at $14.95. The stock recently breached the 50-day moving average and has failed to regain the level. It seems like a move down to the 200-day is imminent ($13.75). Options trading is favoring the put side today with the June $17.50 put trading 4,545 times on open interest of 7,127 contracts and the June $15 put trading 8,032 times on open interest of 7,205 contracts. This has pushed the put/call ratio to 10.10x the norm. Genworth Financial, Inc. is a financial security company dedicated to providing insurance, wealth management, investment and financial solutions to more than 15 million customers, with a presence in more than 25 countries.