Discover (DFS) Offering Possible 7.53% Return Over the Next 14 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 7.53% return on risk over the next 14 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 $0.35 would be kept by the premium seller. The risk of $4.65 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

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.

Discover Financial Services Announces Third Quarter 2017 Earnings Release and Conference Call on October 24, 2017
Mon, 02 Oct 2017 21:00:00 +0000
Discover Financial Services plans to report its third quarter 2017 results after the market closes on Tuesday, October 24, 2017. The earnings release will be available on Discover's Investor Relations website at https://investorrelations.discover.com.

Discover Financial Services: Behind Its Total Assets and Liabilities
Thu, 28 Sep 2017 11:37:08 +0000
Discover Financial reported cash and cash equivalents of ~$11.9 billion on December 31, 2016, and $12.95 billion on June 30, 2017.

Analysts’ Positive Ratings for Discover Financial Services
Wed, 27 Sep 2017 14:37:23 +0000
Of the 23 analysts covering Discover Financial Services (DFS) stock, eight analysts gave “strong buy” ratings on the stock, and another eight analysts rated the stock as a “buy.”

Discover Financial's Revenue Growth Impresses, Costs Hurt
Wed, 27 Sep 2017 13:32:01 +0000
Discover Financial continues to grow on consistent revenue growth, soaring card sales volume and effective capital management. However, its rising level of expenses and weak Payment Service segment affect the underwriting results adversely.

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