Discovery Financial Services Charges Higher (DFS)

Shares of Discover Financial

are surging this morning on renewed takeover chatter up over 1% off day lows of 18.03 to 19.05. Volume for DFS is heavy for this time of day with over 3 million shares trading vs. 3 month daily average of just over 4 million. Discover has been subject to takeover speculation the past few months though a suitor has not been officially named. Options traders focused on the November and December 19 calls. The November 19 call strike volume stands at 9350 vs open interest of 4,300 contracts. November puts were less active with just over 1k trading across all strikes.