Bank of New York (BK) Offering Possible 10.62% Return Over the Next 25 Calendar Days

Bank of New York's most recent trend suggests a bullish bias. One trading opportunity on Bank of New York is a Bull Put Spread using a strike $35.00 short put and a strike $30.00 long put offers a potential 10.62% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $35.00 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock dropped below the $30.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Bank of New York is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Bank of New York is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Bank of New York

BNY Mellon to Webcast Annual Meeting of Stockholders on April 8
Tue, 25 Mar 2014 22:10:44 GMT
noodls – Mar 25, 2014 NEW YORK , March 25, 2014 /PRNewswire/ — BNY Mellon, a global leader in investment management and investment services, today announced that it will provide a live webcast of its annual meeting …

BNY Mellon to Webcast Annual Meeting of Stockholders on April 8
Tue, 25 Mar 2014 21:07:00 GMT
PR Newswire – NEW YORK, March 25, 2014 /PRNewswire/ — BNY Mellon, a global leader in investment management and investment services, today announced that it will provide a live webcast of its annual meeting of stockholders …

BNY Mellon reappointed by Sweden's AP7 to provide global custody and collateral services for $28.8 billion in assets
Tue, 25 Mar 2014 11:22:07 GMT
noodls – Mar 25, 2014 LONDON , March 25, 2014 /PRNewswire/ — BNY Mellon, a global leader in investment management and investment services, has been reappointed by Swedish state pension fund Sjunde AP-fonden (AP7) …

BNY Mellon reappointed by Sweden's AP7 to provide global custody and collateral services for $28.8 billion in assets
Tue, 25 Mar 2014 10:00:00 GMT
PR Newswire – LONDON, March 25, 2014 /PRNewswire/ — BNY Mellon, a global leader in investment management and investment services, has been reappointed by Swedish state pension fund Sjunde AP-fonden (AP7) to provide global custody and collateral services to assets valued at $28.8 billion. AP7 will also continue to utilise DM Edge, BNY Mellon's derivatives margin management platform. Svante Linder, chief operating officer at AP7, said: “We are happy to have reappointed BNY Mellon as our global custodian.

BNY Mellon Named Custodian by City of Phoenix Employees' Retirement System for $2 Billion in Plan Assets
Mon, 24 Mar 2014 12:39:13 GMT
noodls – Mar 24, 2014 NEW YORK , March 24, 2014 /PRNewswire/ — BNY Mellon, a global leader in investment management and investment services, has been selected by the City of Phoenix Employees' Retirement System …

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