Traders Generally Negative on Genworth (GNW)

Shares of Genworth Financial, Inc. GNW are higher on the session by 0.65%, currently trading at $12.30. The stock has been moving largely lower over the past six months and is trading below both the 50-day and 200-day moving averages. Options traders are buying puts on the name as well. A short while ago the October $12.00 put was purchased 3,400 times, on the offer, on open interest of 1,833 contracts. Put volume is running at 2.31x the daily average, 89% on the offer. 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. As of December 31, 2009, the company operated through three segments: Retirement and Protection, International and U.S. Mortgage Insurance. For more great research like this, as well as how to play it through options…please visit Benzinga's Options & Volatility Edge and Benzinga's Cash Generator.