Discover (DFS) Offering Possible 53.85% Return Over the Next 3 Calendar Days

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Discover’s most recent trend suggests a bullish bias. One trading opportunity on Discover is a Bull Put Spread using a strike $115.00 short put and a strike $110.00 long put offers a potential 53.85% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $115.00 by expiration. The full premium credit of $1.75 would be kept by the premium seller. The risk of $3.25 would be incurred if the stock dropped below the $110.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Discover is bearish and the probability of a decline 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 70.92 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 Financial (DFS) Up 202.3% in a Year: More Room to Run?
Tue, 11 May 2021 16:23:04 +0000
Discover Financial’s (DFS) strategic initiatives are likely to boost its revenues, which in turn, might perk up its share price.

Credit-Card Debt Keeps Falling. Banks Are On Edge.
Tue, 11 May 2021 09:33:00 +0000
Americans are paying off their credit cards at the fastest rates in years. Banks are responding with generous card solicitations and looser underwriting standards.

Were Hedge Funds Right About Discover Financial Services (DFS)?
Mon, 10 May 2021 20:54:43 +0000
At Insider Monkey, we pore over the filings of nearly 887 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of December 31st. In this […]

Darden Restaurants, Grubhub, Alcoa, Ultra Clean Holdings and Discover Financial highlighted as Zacks Bull and Bear of the Day
Fri, 07 May 2021 12:26:12 +0000
Darden Restaurants, Grubhub, Alcoa, Ultra Clean Holdings and Discover Financial highlighted as Zacks Bull and Bear of the Day

Here’s How Much You’d Have If You Invested $1000 in Discover a Decade Ago
Thu, 06 May 2021 12:30:12 +0000
Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.

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