Discover Financial Services (DFS) is up 75 cents to $5.96 after Stifel upgraded the stock to Buy from Hold, saying the company passed their “stress test”. In the options market, volume is running 2X the usual, with 6,650 puts and 1,138 calls traded. Most of the activity appears to be part of a position adjustment, where a strategist sold 2,050 April 10 puts and bought 2X as many October 5 puts, possibly closing a position opened late last year when DFS was above $10 and opening a similar bearish position in lower strike puts.