Calls Purchased on Discover Financial Services (DFS)

Shares of Discover Financial Services DFS are higher on the session by 2.04%, currently trading at $18.01. The stock has been moving largely higher over the past six months, bottoming near $12.30 and rallying above the 50-day and 200-day moving averages. Options traders are buying calls on DFS today. A short while ago the November $18.00 call was purchased 2,200 times, on the offer, on open interest of only 1,206 contracts. This signals new positioning on the strike. Overall call volume is now running at 2.22x the daily average with 82% of all calls traded being purchases on the offer. 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.