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...
$BK has a great setup to go long here, and relative strength vs the index today, which gives it a bit of extra confidence.
The trade would fail below $49.94, has until Feb 21st to trend higher, until hitting $53.06 at least...
Best of luck!
Cheers,
Ivan Labrie.
