Bank of New York (BK) Offering Possible 7.76% Return Over the Next 22 Calendar Days

Bank of New York's most recent trend suggests a bearish bias. One trading opportunity on Bank of New York is a Bear Call Spread using a strike $34.00 short call and a strike $39.00 long call offers a potential 7.76% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $34.00 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock rose above the $39.00 long call strike price.

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

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

The RSI indicator is at 36.03 level which suggests that the stock is neither overbought nor oversold at this time.

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

BANK OF NEW YORK MELLON CORP Financials
Sat, 26 Apr 2014 17:04:06 GMT

Argentina’s Unending Debt
Fri, 25 Apr 2014 18:52:01 GMT

Financial Hangover and Fiscal Drag Fading for US, UK and Europe Says BNY Mellon's Richard Hoey
Fri, 25 Apr 2014 13:40:00 GMT
PR Newswire – NEW YORK and LONDON, April 25, 2014 /PRNewswire/ — Global growth should accelerate in 2014, 2015 and 2016 due to a fading of past financial stresses and fiscal drags in the US, UK and Europe according to BNY Mellon Chief Economist Richard Hoey in his most recent Economic Update. “The midcycle phase of economic expansion tends to occur after much of the financial hangover from the prior crisis has faded but before central banks are motivated to restrain economic expansion in order to suppress excessive inflation,” Hoey says. “Many central banks in advanced countries are indeed worried about inflation today, but they are worried that inflation is too low rather than that inflation is too high. This is having a profound impact on monetary policy.” Hoey says that monetary policy in many advanced countries is aggressively stimulative, only partially offset by “growth-hostile regulation.” As core inflation is below target in many major countries, Hoey believes that the overall stance of monetary policy in advanced countries should remain supportive of economic expansion.

BNY Mellon exploring sale of corporate trust arm -Bloomberg
Thu, 24 Apr 2014 01:24:26 GMT
Reuters – UK Focus – Bank of New York Mellon Corp, the world's largest custody bank, is working with Goldman Sachs (NYSE: GS-PB – news) Inc to find buyers for its corporate trust arm, Bloomberg reported on Wednesday, citing people with knowledge of the matter. Shares of the bank closed up about 2 percent at $34.21 on the New York Stock Exchange on Wednesday. The bank has begun contacting potential buyers and is scheduled to start soliciting offers in about a month, Bloomberg reported. Kevin Heine, a BNY Mellon spokesman, declined to comment on the report.

BNY Mellon exploring sale of corporate trust arm -Bloomberg
Thu, 24 Apr 2014 01:24:26 GMT
Reuters – Bank of New York Mellon Corp, the world's largest custody bank, is working with Goldman Sachs Inc to find buyers for its corporate trust arm, Bloomberg reported on Wednesday, citing people with knowledge of the matter. Shares of the bank closed up about 2 percent at $34.21 on the New York Stock Exchange on Wednesday. The bank has begun contacting potential buyers and is scheduled to start soliciting offers in about a month, Bloomberg reported. Kevin Heine, a BNY Mellon spokesman, declined to comment on the report.

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.