Discover (DFS) Offering Possible 7.53% Return Over the Next 11 Calendar Days

Discover's most recent trend suggests a bullish bias. One trading opportunity on Discover is a Bull Put Spread using a strike $66.00 short put and a strike $61.00 long put offers a potential 7.53% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $66.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $61.00 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 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

Final Glance: Credit Card companies
Tue, 11 Nov 2014 23:02:08 GMT

Final Glance: Credit Card companies
Tue, 11 Nov 2014 23:02:08 GMT
AP – Shares of some top credit card companies were mixed at the close of trading: American Express Co. fell $.66 or .7 percent, to $91.74. Capital One Financial Corp. fell $1.06 or 1.3 percent, to $82.18. Discover …

Midday Glance: Credit Card companies
Tue, 11 Nov 2014 18:52:38 GMT

Midday Glance: Credit Card companies
Tue, 11 Nov 2014 18:52:38 GMT
AP – Shares of some top credit card companies are mixed at 1 p.m.: American Express Co. rose $.07 or .1 percent, to $92.33. Capital One Financial Corp. rose $.54 or .7 percent, to $83.14. Discover Financial …

Early Glance: Credit Card companies
Tue, 11 Nov 2014 16:17:22 GMT

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