Upside Purchased on Discover Financial (DFS)

Shares of Discover Financial Services Co. DFS are higher on the session by 6.36%, currently trading $13.37. The stock has been drifting lower throughout May and June; the stock is making lower highs and lower lows, which is a bearish sign. Options traders are picking up some calls on the name today, though; the June $13 call has traded 2,672 times today on open interest of only 135 contracts. This signals new, bullish activity on the strike. Call volume is running at 4.07x the daily average. Discover Financial Services is a credit card issuer in the United States and an electronic payment services company. The Company offers credit cards, personal and student loans, and deposit products. The Company is bank holding and financial holding company.