Whales with a lot of money to spend have taken a noticeably bearish stance on Discover Finl.
Looking at options history for Discover Finl DFS we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $109,970 and 5, calls, for a total amount of $331,065.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $95.0 and $125.0 for Discover Finl, spanning the last three months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Discover Finl's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Discover Finl's significant trades, within a strike price range of $95.0 to $125.0, over the past month.
Discover Finl Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DFS | CALL | SWEEP | BULLISH | 01/19/24 | $97.50 | $117.0K | 1.0K | 0 |
| DFS | CALL | SWEEP | NEUTRAL | 01/19/24 | $95.00 | $82.4K | 681 | 52 |
| DFS | CALL | TRADE | BULLISH | 01/17/25 | $125.00 | $58.5K | 157 | 0 |
| DFS | PUT | SWEEP | NEUTRAL | 02/16/24 | $105.00 | $41.6K | 10 | 0 |
| DFS | CALL | SWEEP | BEARISH | 01/19/24 | $95.00 | $41.1K | 681 | 3 |
About Discover Finl
Discover Financial Services is a bank operating in two distinct segments: direct banking and payment services. The company issues credit and debit cards and provides other consumer banking products including deposit accounts, students loans, and other personal loans. It also operates the Discover, Pulse, and Diners Club networks. The Discover network is the fourth-largest payment network in the United States as ranked by overall purchase volume, and Pulse is one of the largest ATM networks in the country.
Current Position of Discover Finl
- With a volume of 496,009, the price of DFS is up 5.35% at $104.38.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 42 days.
Professional Analyst Ratings for Discover Finl
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $94.0.
- An analyst from Morgan Stanley persists with their Equal-Weight rating on Discover Finl, maintaining a target price of $94.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Discover Finl, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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