900% Gains from Benzinga's Options & Volatility Edge

Yet another reason to trade with Benzinga.

As Genworth

showed strength this week, jumping more than 7% yesterday, Michael J. Zerinskas – the man behind Benzinga's

– helped his traders overcome the odds with clear and comprehensible trading ideas that could be implemented immediately. “I want to take this opportunity to lower the cost basis of our synthetic long position in the name by selling a call against the position,” Zerinskas told Options & Volatility Edge subscribers yesterday afternoon. “Recall that we are currently long the November 2011 $6/4 risk reversal (long call, short put). I am now selling to open the November 2011 $7 call for a net credit of $0.30. This lowers our cost basis on the entire position to $0.10.” Traders who subscribed to Benzinga's Options & Volatility Edge were able to use this information for potential gains of 900%! “Max gain will be capped at $0.90, or +900%, but we also gain a bit of a downside hedge,” said Zerinskas. If you'd like to take advantage of Zerinskas' future opportunities,

for the Options & Volatility Edge.