BERNARDSVILLE, N.J., Feb. 01, 2022 (GLOBE NEWSWIRE) -- Former Morgan Stanley Chief Market Strategist Rick Bensignor has joined OptionsPlay as the new Chief Market Strategist. He joins forces with CNBC contributor and co-founder of OptionsPlay Tony Zhang, offering investors a combined 50+ years of trading experience to the research team.
OptionsPlay is a global analytic platform leading the charge in educating and advocating for the responsible use of options for all investors. The company has created a cutting-edge interface for understanding complex options strategies and delivers weekly investor education from industry leaders. Bensignor will be adding his expertise to the company as the Chief Market Strategist starting February 1st. He will be leading the OptionsPlay research team to provide investors with macro and equity research to navigate the markets. "We are excited to have Rick lead our expanding research team and add his extensive capital markets experience. His deep knowledge of financial markets will provide our clients with the confidence to navigate the markets with OptionsPlay," stated Tony Zhang of OptionsPlay.
Those interested in taking their trading to the next level will find Bensignor's extensive background of experience to add to OptionsPlay's already impressive catalog of education. Bensignor is the former acclaimed Chief Market Strategist at Morgan Stanley, Head of Cross-Asset Trading Strategies at Wells Fargo Securities, Head of Futures, Commodities and Technical Analysis at Bloomberg, spent 12 years trading in the stock index and commodity futures pits, and the first to have taught Behavioral Finance Theory at NYU's School of Professional Studies. Bensignor is also a frequent on-air contributor to CNBC, Bloomberg, Fox Business TV, and creator and editor of pivotal analyses of Wall Street market behavior.
Strikingly, 4 out of the past 5 years, Rick has outperformed the S&P 500. For the entire year of 2017, the Bensignor Group's 39 official recommendations generated an internal rate of return (IRR) of 75.07% for its client investors, while doing so with an exceptionally low average maximum daily closing drawdown of just 0.79%. In 2019, Rick's institutional trades outpaced the S&P 500 by a factor of over 3.8 times. This track record is an excellent example of the type of counsel OptionsPlay's 80,000+ investors can expect and trust from the company's meticulous recommendations and navigation through an ever-changing market climate.
In joining OptionsPlay as Chief Market Strategist Bensignor stated, "The team at OptionsPlay is top-notch, and I am very excited to be joining the firm as Chief Market Strategist. Over my multi-decade career at some of the most prestigious firms on Wall Street, I have always ensured that my name and reputation stood behind every action I took, every research report I wrote, and every recommendation I made, whether it was given to a multi-billion-dollar hedge fund or to an individual investor trying to grow a small account into a larger one. OptionsPlay's goal to educate and advocate for the best ways to use options aligns with my over 25 years of educating traders, portfolio managers, and individual investors on how to take a no-nonsense tell-it-like-it-is approach to consistently making money in all types of market phases."
Institutional investors, retail traders, and financial exchanges seeking to leverage OptionsPlay for their research, strategy, and educational needs, please visit www.optionsplay.com or email info@optionsplay.com
Press Inquiries & Contact Information:
OptionsPlay
233 Mount Airy Road, Suite 100
Basking Ridge, NJ 07920
info@optionsplay.com
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