Unusual Options Activity: Bullish Trade on Discover Financial

Last Updated: Monday, April 1, 2024 12:55 PM | Bobby Raines

Unusual Options Activity

We noticed a big, bullish trade Monday on Discover Financial Services (DFS). At 9:38 this morning, 5,126 contracts of each of the June 235 call and June 120 put crossed the tape, outstripping open interest at both strikes. The calls moved at the ask, while the puts moved at the bid, this indicates to use the calls were purchased and the puts were sold.

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