Analyzing the options chain and the chart patterns of BK The Bank of New York Mellon Corporation prior to the earnings report this week, I would consider purchasing the 52.5usd strike price in the money Calls with an expiration date of 2024-5-17, for a premium of approximately $3.45. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
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BK traded at $57.83 today, after earnings, and the Calls went up from $3.45 (when I wrote this article) to about $5.10 at the close today (high spread though), for about 45% gain!