DFS250417P00120000 Option on Discover Financial

DFS Stock  USD 201.09  1.39  0.69%   
DFS250417P00120000 is a PUT option contract on Discover Financial's common stock with a strick price of 120.0 expiring on 2025-04-17. The contract was not traded in recent days and, as of today, has 75 days remaining before the expiration. The option is currently trading at an ask price of $2.3. The implied volatility as of the 1st of February is 75.0.
  
When exercised, put options on Discover Financial produce a short position in Discover Stock. Because of this protective nature, they are typically used either for hedging purposes or to capitalize on Discover Financial's downside price movement.

Rule 16 of 2025-04-17 Option Contract

The options market is anticipating that Discover Financial Services will have an average daily up or down price movement of about 0.0449% per day over the life of the option. With Discover Financial trading at USD 201.09, that is roughly USD 0.0903. If you think that the market is fully understating Discover Financial's daily price movement you should consider buying Discover Financial Services options at that current volatility level of 0.72%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Out Of The Money Put Option on Discover Financial

An 'Out of The Money' option on Discover has a strike price that Discover Stock has yet to reach, meaning the option has no intrinsic value. 'Out of The Money' options are usually less costly than 'In The Money' options, making them more desirable to traders with smaller amounts of capital. Some of the uses for Discover Financial's 'Out of The Money' options include buying the options if you expect a big move in Discover Financial's stock. Since 'Out of The Money' options have a lower up-front cost (i.e., no intrinsic value) than 'In The Money' options, buying it is a reasonable choice.
Put Contract NameDFS250417P00120000
Expires On2025-04-17
Days Before Expriration75
Vega0.076303
Gamma0.001278
Theoretical Value1.15
Open Interest19
Strike Price120.0
Last Traded At1.15
Current Price Spread0.0 | 2.3
Rule 16 Daily Up or DownUSD 0.0903

Discover short PUT Option Greeks

Discover Financial's Option Greeks for the contract ending on 2025-04-17 at a strike price of 120.0 measures the various factors that affect its cost and calculated using a theoretical options pricing model. It helps investors make more informed decisions about whether to trade this option contract or when to trade it. In addition to Discover Financial's option greeks, its implied volatility helps estimate the risk of Discover Financial stock implied by the prices of the options on Discover Financial's stock.
Delta-0.038614
Gamma0.001278
Theta-0.035812
Vega0.076303
Rho-0.017039

Discover long PUT Option Payoff at expiration

Put options written on Discover Financial grant holders of the option the right to sell a specified amount of Discover Financial at a specified price within a specified time frame. The put buyer has a limited loss and, while not fully unlimited gains, as the price of Discover Stock cannot fall below zero, the put buyer does gain as the price drops. So, purchasing a put option on Discover Financial is like buying insurance aginst Discover Financial's downside shift.
   Profit   
       Discover Financial Price At Expiration  

Discover short PUT Option Payoff at expiration

By selling Discover Financial's put option, the investors signal their bearish sentiment. A short position in a put option written on Discover Financial will generally make money when the underlying price is above the strike price. Therefore Discover Financial's put payoff at expiration depends on where the Discover Stock price is relative to the put option strike price. The breakeven price of 118.85 is the critical point that divides the payoff function into two parts. Below the breakeven price, the payoff is dropping and negative (the seller makes a loss). Above the breakeven price, the payoff line is upward sloping as the option payoff increases in proportion to Discover Financial's price. Finally, at the strike price of 120.0, the payoff chart is constant and positive.
   Profit   
       Discover Financial Price At Expiration  
View All Discover Financial Options

Discover Financial Available Put Options

Discover Financial's option chain is a display of a range of information that helps investors for ways to trade options on Discover. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Discover. It also shows strike prices and maturity days for a Discover Financial against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.
Open IntStrike PriceCurrent SpreadLast Price
 Put
DFS250417P000650001165.00.0 - 1.40.23Out
 Put
DFS250417P000900001490.00.0 - 0.41.3Out
 Put
DFS250417P001000002100.00.0 - 0.52.8Out
 Put
DFS250417P001050008105.00.0 - 2.20.53Out
 Put
DFS250417P001100008110.00.0 - 0.70.2Out
 Put
DFS250417P001150007115.00.0 - 0.450.23Out
 Put
DFS250417P0012000019120.00.0 - 2.31.15Out
 Put
DFS250417P0012500024125.00.0 - 2.350.34Out
 Put
DFS250417P0013000014130.00.0 - 0.50.46Out
 Put
DFS250417P0013500063135.00.0 - 2.50.35Out
 Put
DFS250417P0014000045140.00.0 - 2.61.3Out
 Put
DFS250417P0014500042145.00.0 - 0.91.05Out
 Put
DFS250417P0015000022150.00.0 - 2.252.0Out
 Put
DFS250417P00155000178155.00.5 - 2.551.18Out
 Put
DFS250417P0016000024160.00.0 - 2.91.43Out
 Put
DFS250417P0016500047165.00.5 - 4.12.2Out
 Put
DFS250417P00170000190170.01.35 - 3.42.8Out
 Put
DFS250417P0017500085175.03.3 - 4.42.84Out
 Put
DFS250417P0018000075180.03.6 - 5.24.0Out
 Put
DFS250417P0018500094185.05.5 - 6.55.2Out
 Put
DFS250417P0019000025190.06.8 - 8.06.3Out
 Put
DFS250417P0019500015195.08.6 - 9.89.0Out
 Put
DFS250417P0020000051200.010.7 - 12.010.19Out
 Put
DFS250417P002100000210.015.3 - 17.114.0In
 Put
DFS250417P002200001220.020.6 - 23.922.0In
 Put
DFS250417P002300001230.028.6 - 32.127.6In
 Put
DFS250417P002400001240.037.7 - 41.036.6In
 Put
DFS250417P002500000250.047.3 - 50.747.3In
 Put
DFS250417P002600000260.057.6 - 60.657.6In
 Put
DFS250417P002700000270.067.4 - 70.467.4In
 Put
DFS250417P002800000280.077.7 - 80.477.7In

Discover Financial Corporate Directors

Gregory CaseIndependent DirectorProfile
Mary BushIndependent DirectorProfile
Jennifer WongIndependent DirectorProfile
Joseph EazorIndependent DirectorProfile

Additional Tools for Discover Stock Analysis

When running Discover Financial's price analysis, check to measure Discover Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Discover Financial is operating at the current time. Most of Discover Financial's value examination focuses on studying past and present price action to predict the probability of Discover Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Discover Financial's price. Additionally, you may evaluate how the addition of Discover Financial to your portfolios can decrease your overall portfolio volatility.