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Market Action App Alert, BEARISH unusual option activity for Discover Financial Services Ticker: DFS

Monday, 03.07.2022

1771 contracts traded for DFS $100 strike puts for expiration 05/20/22 with open interest of (52) when the shares were trading at 104.05.

DFS $100 strike puts for 05/20/22 expiration

Option Flow Order Summary

  • Size: 1771
  • Sentiment: BEARISH
  • Estimated Cost Per Contract: 1,310,717.10
  • Estimated Premium Value: $1.3M
  • Volume: 4
  • Open Interest: 52
  • Contract Close Price: 110.22
  • Stock Price at Trade: 104.05
  • Market Action Score: 80.00% Bearish

Why is this an Unusual Option Activity?

  • The estimated premium paid is higher than usual trades for this stock or option.
  • The order flow was detected as a sweep.

Stock Technical Information

  • Stock Levels: Last Close: 110.22 , Points Change: -6.15, % Change: ⬇️ -5.58%
  • Today’s Volume: 709K (10 Days average: 1.92M)
  • Price Levels to consider for tomorrow:

    • Resistance 2: 113
    • Resistance 1: 112.07
    • Pivot Point: 110.10
    • Support 1: 108.24
    • Support 2: 107.25
  • Stock is below 10 SMA: 118.64
  • Stock is below 20 SMA: 120.82
  • Stock is below 50 SMA: 119.63
  • Stock is below 100 SMA: 118.16
  • 52 Week High: 136

Stock chart for DFS (1 day)


Helpful Info

How is options trade sentiment calculated?

Bullish: Options trades are considered having a “bullish sentiment” when a “call option” is purchased at/near ask price or a “put option” is sold at/near bid price. The buyer or seller of the options is expecting the option, or any financial instrument, will increase in price.

Bearish: Options are “bearish sentiment” when a call option is sold at/near bid price or a put option is bought at/near ask price. The buyer or seller of the options is expecting the option, or any financial instrument, will decrease in price.

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