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Discover options imply 3.9% move in share price post-earnings

Discover options imply 3.9% move in share price post-earnings

Pre-earnings options volume in Discover (DFS) is 3.1x normal with calls leading puts 5:4. Implied volatility suggests the market is anticipating a move near 3.9%, or $7.66, after results are released. Median move over the past eight quarters is 2.8%.

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