Discover (DFS) Offering Possible 19.05% Return Over the Next 24 Calendar Days

Discover's most recent trend suggests a bullish bias. One trading opportunity on Discover is a Bull Put Spread using a strike $82.50 short put and a strike $77.50 long put offers a potential 19.05% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $77.50 long put strike price.

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

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

The RSI indicator is at 75.6 level which suggests that the stock is neither overbought nor oversold at this time.

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

Is Discover Financial Services (DFS) Stock Outpacing Its Finance Peers This Year?
Wed, 16 Dec 2020 16:30:04 +0000
Is (DFS) Outperforming Other Finance Stocks This Year?

Discover Financial (DFS): Strong Industry, Solid Earnings Estimate Revisions
Wed, 16 Dec 2020 13:46:01 +0000
Discover Financial (DFS) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Is DFS A Good Stock To Buy Now?
Mon, 14 Dec 2020 19:06:21 +0000
In this article we will analyze whether Discover Financial Services (NYSE:DFS) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There’s no better way to get these firms’ immense resources and analytical capabilities working for us than to follow their lead […]

Over Half of Those Experiencing Financial Anxiety cite the Pandemic as a Primary Cause, Discover Personal Loans survey finds
Tue, 08 Dec 2020 11:30:00 +0000
Over Half of Those Experiencing Financial Anxiety cite the Pandemic as a Primary Cause, Discover Personal Loans survey finds

How Will Discover Financial (DFS) Fare This Holiday Season?
Fri, 27 Nov 2020 16:42:04 +0000
Rise in online sales this holiday season is likely to expand sales volumes for Discover Financial (DFS).

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