Calls Purchased on Discover Financial Services (DFS)

Shares of Discover Financial Services DFS are higher on the session by 3.34%, currently trading at $25.05. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the June 2011 $25.00 call was purchased 4,000 times, on the offer, on open interest of 1,466 contracts. Overall call volume is now running at 3.61x the daily average with 87% of all calls traded being purchases on the offer. Discover Financial Services is a direct banking and payment services company. DFS operates as a bank holding and financial holding company. DFS operates two banking subsidiaries: Discover Bank and Bank of New Castle.