Discover options imply 3.3% move in share price post-earnings
The Fly

Discover options imply 3.3% move in share price post-earnings

Pre-earnings options volume in Discover is 1.6x normal with puts leading calls 4:3. Implied volatility suggests the market is anticipating a move near 3.3%, or $4.71, after results are released. Median move over the past eight quarters is 6.1%.

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