Bank of New York (BK) Offering Possible 7.53% Return Over the Next 18 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 $38.50 short put and a strike $33.50 long put offers a potential 7.53% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $33.50 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 79.57 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

Only 29% of European insurers understand the impact of central clearing, according to new BNY Mellon-sponsored research
Tue, 04 Nov 2014 20:15:00 GMT
PR Newswire – LONDON, Nov. 4, 2014 /PRNewswire/ — New research by BNY Mellon, the global leader in investment management and investment services, and Insurance Risk magazine has identified growing pressure on firms as they face more intense demands on collateral, with fewer firms convinced they hold enough assets of suitable quality compared with previous years. The third annual BNY Mellon/Insurance Risk collateral management survey highlights that European insurers still have work to do in respect of understanding the full implications of the move to central clearing before it becomes effective in the summer of 2016.

Argentina appeals U.S. judge's contempt order in bond dispute
Tue, 04 Nov 2014 15:40:28 GMT

Argentina appeals U.S. judge's contempt order in bond dispute
Tue, 04 Nov 2014 15:35:31 GMT
Reuters – Argentina has filed papers to appeal a U.S. Argentina late on Monday filed a notice of an appeal of a contempt finding by U.S. District Judge Thomas Griesa in Manhattan and his subsequent order that it must “reverse entirely” actions it had taken in violation of his decisions. Griesa has yet to decide what sanctions should be imposed on the Argentina after in September finding it had taken “illegal” steps to evade his orders.

Argentina's debt battle arrives in London with High Court appeal
Mon, 03 Nov 2014 20:53:38 GMT
Financial Times – A group of investors in Argentine debt are appealing to the UK's High Court to unfreeze more than ?200m deposited by the country in the Bank of New York Mellon. Hedge funds, including Knighthead Master …

MOVES- BNY Mellon, Edison Investment, Pro Global Insurance, Rowan Dartington
Mon, 03 Nov 2014 20:31:57 GMT

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