Bank of New York (BK) Offering Possible 9.17% Return Over the Next 28 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 $39.00 short put and a strike $34.00 long put offers a potential 9.17% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $39.00 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock dropped below the $34.00 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 at 42.96 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

Banks, Regulator Reach Pact over Symphony Chat Platform
Tue, 15 Sep 2015 19:05:07 GMT

Symphony CEO: This is only the start for us
Tue, 15 Sep 2015 17:20:58 GMT

BNY Mellon Provides Capacity-Building Grants to 10 Boston-area Nonprofits
Tue, 15 Sep 2015 13:17:09 GMT
noodls – BOSTON , Sept. 15, 2015 /PRNewswire/ — Through the generosity of The Eugene F. Fay Trust, BNY Mellon has awarded operating support grants to 10 Boston-area nonprofits, providing them with critical funding …

BNY Mellon Provides Capacity-Building Grants to 10 Boston-area Nonprofits
Tue, 15 Sep 2015 13:00:00 GMT
PR Newswire – BOSTON, Sept. 15, 2015 /PRNewswire/ — Through the generosity of The Eugene F. Fay Trust, BNY Mellon has awarded operating support grants to 10 Boston-area nonprofits, providing them with critical funding for capacity-building activities. The Eugene F. Fay Trust Mini-Grants Program provides organizations with $5,000 grants for technical assistance and non-programmatic support aimed at strengthening the overall organization or a particular program. BNY Mellon is trustee of the Eugene F. Fay Trust and administers the mini-grants program.

BNY Mellon Explores the Sources of Growth in the World's Four Largest Economies
Mon, 14 Sep 2015 17:26:12 GMT
noodls – Has the post-crisis slump lured investors into premature pessimism? HONG KONG , Sept. 14, 2015 /PRNewswire/ — In its second white paper on the world's four largest economies, BNY Mellon, a leading global …

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