Calls Sold on Discover Financial (DFS)

Shares of Discover Financial Services Com DFS are lower on the session by 0.66%, currently trading at $13.51. The stock has been falling for the past two months, but appears to have found support near the $12.50 support level. Options traders are betting that any rally in the name will be muted and are selling calls today. The July $14 strike call was sold near the bid 1,450 times for $0.65 earlier in the session; open interest on the strike is 2,661. Call volume is running at 2.54x 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.