Pre-earnings options volume in Discover is 3.4x normal with puts leading calls 9:4. Implied volatility suggests the market is anticipating a move near 4.7%, or $5.70, after results are released. Median move over the past eight quarters is 8.1%.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DFS:
- Options Volatility and Implied Earnings Moves Today, April 17, 2024
- Options Volatility and Implied Earnings Moves This Week, April 15 – April 19, 2024
- Is DFS a Buy, Before Earnings?
- Discover announces strategic collaboration with Google Cloud
- Discover price target raised to $120 from $112 at Barclays