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Quantamental
Sep 30, 2019 6:27 PM

DFS - Bull Put Spread Long

Discover Financial ServicesNYSE

Description

High Vol. High Beta Stock.

RSI <25 and PA struggling to go below 81.

Looking for Reversal to mean higher.
Taking 81/80.5 Put Credit Spread.
Also picked up 81.5 Call for Directional Bias Higher.

Oct Exp but aiming to Close in profit well before that...

Good Luck - Watch your $$$ RISK
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