AAL

Discover Financial Stock Gets Slammed by Instinet

Near-term open interest looks unusually put-heavy on Discover Financial stock

Managing Editor
Dec 5, 2019 at 10:18 AM
facebook X logo linkedin


Discover Bank parent Discover Financial Services (NYSE:DFS) is down 1.3% to trade at $82.76 this morning. Weighing on the equity is a fresh downgrade to "neutral" from "buy" and price-target cut to $89 from $96 out of Instinet. The analyst in coverage is pessimistic about the company's upcoming earnings growth. DFS is now pulling back to recent support of its 80-day moving average, but remains 41% higher year-to-date. 

Digging a little deeper, near-term open interest looks unusually put-heavy on Discover Financial stock. This is according to the Schaeffer's put/call open interest ratio (SOIR) of 1.28, which ranks just 1 percentage point from an annual high.

Lastly, DFS' Schaeffer's Volatility Scorecard (SVS) comes in at 95 out of 100. In other words, this means the security has consistently made bigger moves on the charts than its options premiums have priced in over the past 12 months.
 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.