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Discover put volume heavy and directionally bearish
The Fly

Discover put volume heavy and directionally bearish

Bearish flow noted in Discover (DFS) with 2,265 puts trading, or 1.1x expected. Most active are Nov-24 167.5 puts and Nov-24 145 calls, with total volume in those strikes near 1,700 contracts. The Put/Call Ratio is 1.97, while ATM IV is up over 2 points on the day. Earnings are expected on January 15th.

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