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Options Trade of the Week - Discover Financial Services (NYSE:DFS)
October 20, 2014

Options Trade of the Week

Monday, October 20, 2014

**DFS Provides A Nice Dip To Profit From! **

Discover Financial Services (NYSE: DFS), a direct banking and payment services company, will report the results of its third-quarter after the close on October 21. Headed into the quarterly report analysts have forecast earnings of $1.34 per share on revenues of $2.2 billion. The stock has been trending lower with the overall market during the last couple of weeks, but remains up 12.3% on the year.

Like all the financials, Discover has pulled back in recent weeks, but the stock is still enjoying a nice gain for the year, and it is expected that an upbeat earnings report will ensue, which will keep strength under the stock. Consumer confidence has weakened a bit since the summer, but in August it was running at levels not seen since before the recession, which should translate to higher credit card usage.

.......Read the rest of the report and find out the recommended options trade …..

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