Discover (DFS) Offering Possible 17.65% Return Over the Next 36 Calendar Days

Discover's most recent trend suggests a bullish bias. One trading opportunity on Discover is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 17.65% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $55.00 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 78.06 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

Hedge Funds Are Nibbling On Discover Financial Services (DFS)
Mon, 07 Sep 2020 17:15:00 +0000
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). We reversed our stance on March 25th after seeing unprecedented fiscal and monetary stimulus unleashed by the Fed and the Congress. […]

Financials Keep Market from Plunging Even Deeper
Fri, 04 Sep 2020 12:05:10 +0000

Have Insiders Been Buying Discover Financial Services (NYSE:DFS) Shares?
Mon, 31 Aug 2020 13:31:47 +0000
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The…

Discover Financial, Car IQ Team Up to Simplify Fleet Payments
Wed, 26 Aug 2020 16:54:04 +0000
Discover Financial (DFS) collaborates with Car IQ to ease the payment management of vehicles.

Discover Financial Services to Present at Barclays Global Financial Services Conference
Tue, 25 Aug 2020 21:08:00 +0000
Roger Hochschild, chief executive officer and president of Discover, will present at the Barclays Global Financial Services Virtual Conference on Tuesday, September 15, 2020, at 12:00 p.m. ET.

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