Consumer lending stock LendingClub Corp (NYSE:LC) is down 5.8% at $15.17, marking a sixth-straight daily loss. The reason for this drop is unclear, but the stock is still up roughly 32.6% year over year, attracting potential investors looking to buy on the dip.

LendingClub stock is showing a historically bullish signal, with the stock close to the 50-day moving average. In the past three years, similar situations led to a 23.9% average gain one month later 57% of the time, pointing to a potential bounce to $18.79.

LC’s options are attractively priced, with low volatility expectations reflected in the Schaeffer’s Volatility Index (SVI) ranking in the low 9th percentile of its annual range. This could be an opportunity for options traders to consider.

Short interest in LC is high, with 5% of the float sold short. A potential unwinding of short interest could provide upward momentum, as it represents over three days of buying power at the stock’s average trading pace.

Read more at Yahoo Finance: LendingClub Stock Posing Attractive Entry Point for Bulls