Discover (DFS) Offering Possible 8.7% Return Over the Next 24 Calendar Days

Discover's most recent trend suggests a bullish bias. One trading opportunity on Discover is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 8.7% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $70.00 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 78.53 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

Discover Survey Finds Age May Be a Factor in Where and How People Vacation This Summer
Mon, 21 May 2018 09:00:00 +0000
As summer vacation season approaches, a new survey from Discover found that for the 58 percent of those who intend to take a summer trip, where they go, how they pay and what they do while on vacation may be a factor of their age.

7 Reasons to Hold Discover Financial Services in Portfolio
Wed, 16 May 2018 15:56:03 +0000
Banking on seven crucial factors, Discover Financial Services (DFS) possesses great potential to generate high returns to investors.

With Everything Going On in the World, Corporate America Is Way Too Bullish
Wed, 16 May 2018 10:45:00 +0000
Execs at the biggest companies sounded more upbeat on their financial prospects than they have in some time, according to fresh research from Goldman Sachs. The investment bank mined the earnings calls of 42 companies to gauge the mood out there in Corporate America. The resounding bullishness could bite execs and their investors in the face later this year if a host of macro concerns — such as inflation and trade wars — start to collectively weigh on global growth.

Discover Financial Services to Present at Bernstein’s Strategic Decisions Conference 2018
Tue, 15 May 2018 21:16:00 +0000
Roger Hochschild, president and chief operating officer of Discover, will present at the Bernstein 34th Annual Strategic Decisions Conference in New York on Thursday, May 31, 2018, at 9:00 a.m. ET. Discover Financial Services (DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business.

For stock market investors, there really is a great future in plastic
Tue, 15 May 2018 16:32:15 +0000
It’s about how, not where, people spend money, says fund manager Tom Plumb, who’s loaded up on Visa, Mastercard and Discover Financial Services.

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