Discover (DFS) Offering Possible 5.26% Return Over the Next 9 Calendar Days

Discover's most recent trend suggests a bullish bias. One trading opportunity on Discover is a Bull Put Spread using a strike $64.50 short put and a strike $59.50 long put offers a potential 5.26% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $64.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $59.50 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 above 80 which suggests that the stock is in overbought 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

What Could Discover’s Net Income Be in 3Q17?
Mon, 09 Oct 2017 17:06:19 +0000
Discover Financial Services (DFS) generates the majority of its net income from interest income, which is part of its direct banking division.

Understanding Discover Financial Services’ Loan Business
Mon, 09 Oct 2017 15:36:29 +0000
Discover Financial Services (DFS) has seen strong growth in loans in 2Q17 compared to 2Q16. For credit card loans, it saw an 8.0% growth in 2Q17 compared to 2Q16.

Why Discover Financial Services Could See Higher Volumes
Mon, 09 Oct 2017 13:47:17 +0000
Discover Financial Services (DFS) could see an increase in volumes in 3Q17, mainly due to Hurricanes Harvey and Irma.

Discover Financial's Credit Problems Get Personal
Fri, 06 Oct 2017 21:20:00 +0000
While this lender is primarily known for its credit card-issuing business, another one of its loan portfolios might be giving the company its biggest headache.

3 Reasons Visa (V) Stock Will Keep Surging — and 3 Reasons It Won’t
Wed, 04 Oct 2017 15:33:02 +0000
Visa Inc (NYSE:V) has delivered eye-popping returns for investors. Visa stock has more than quadrupled over the past six years and the gains haven’t let up. It goes without saying that Visa stock looks expensive.

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