Puts Purchased in Discover Financial (DFS)

Shares of Discover Financial Services DFS are flat on the session, currently trading $14.24, after the stock made a hard slide on Friday along with all the other credit card names. DFS is now sitting on the 200-day moving average. It is still unclear if there is enough support for the stock to hold this level. Discovery Financial Services is seeing put buying today. The May $15 put was just purchased 2,000 times on the offer for $0.95; open interest on the strike is only 1,801 contracts, signaling new, bearish positioning.