Discover (DFS) Offering Possible 14.94% Return Over the Next 21 Calendar Days

Discover's most recent trend suggests a bearish bias. One trading opportunity on Discover is a Bear Call Spread using a strike $55.50 short call and a strike $60.50 long call offers a potential 14.94% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $55.50 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock rose above the $60.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Discover is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Discover is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Discover

PULSE Introduces New Brand Identity to Support Expanded Payments Solutions
Thu, 29 Jan 2015 14:00:00 GMT
Business Wire – PULSE, one of the nation’s leading debit/ATM networks, today unveiled a new corporate logo and acceptance mark. The rebranding preserves many elements of PULSE’s original marks while also identifying the network more closely with its parent company, Discover Financial Services .

Discover’s Phoenix Customer Care Center Announces More Than 250 Job Opportunities
Thu, 29 Jan 2015 14:00:00 GMT
Business Wire – Discover, which operates several customer care centers across the country, has announced more than 250 open positions at its local office. The hiring initiative will include custom

FIDO Alliance Announces New Leadership Team for 2015
Wed, 28 Jan 2015 15:00:00 GMT
Marketwired – The FIDO Alliance , an industry consortium launched in 2013 to revolutionise online authentication with open standards for simpler, stronger authentication, today announced the result of their annual officer …

Discover Home Loans Poll: Homebuyers Report Technology Improved the Home-Financing Process
Tue, 27 Jan 2015 13:15:00 GMT
Business Wire – With interest rates still comparatively low and the 2015 homebuying season about to begin, many buyers are turning to technology to make the homebuying process easier. A poll commissioned by Discover Home Loans found that nine out of 10 survey respondents used some sort of online technology to help them with the home financing process.

The best financial stock just got a lot more attractive
Fri, 23 Jan 2015 17:03:59 GMT

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