Discover (DFS) Offering Possible 6.38% Return Over the Next 7 Calendar Days

Discover's most recent trend suggests a bullish bias. One trading opportunity on Discover is a Bull Put Spread using a strike $59.00 short put and a strike $54.00 long put offers a potential 6.38% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $59.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $54.00 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 67.79 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

How American Express’s Costco loss makes Discover look better
Thu, 12 Feb 2015 23:29:18 GMT

Discover Financial Services Chairman & CEO To Discuss The Digital Consumer And The Future Of Financial Services At The Executives' Club Of Chicago's Global Leaders Luncheon
Tue, 10 Feb 2015 16:56:00 GMT
PR Newswire – CHICAGO, Feb. 10, 2015 /PRNewswire/ — The current environment in financial services is characterized by rapid changes in technology, regulation, consumer behavior and more. Join Discover Financial Services …

WEX Inc Misses Q4 Earnings Expectations, Declines Y/Y – Analyst Blog
Tue, 10 Feb 2015 15:00:03 GMT

DISCOVER FINANCIAL SERVICES Files SEC form 8-K, Other Events
Mon, 09 Feb 2015 13:50:23 GMT

FleetCor Technologies Beats on Q4 Earnings and Revenues – Analyst Blog
Fri, 06 Feb 2015 14:42:02 GMT

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