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5,000 Earnings Expiration Puts Trade in The Bank of New York Mellon Corporation (Symbol: BK)

5,000 Earnings Expiration Puts Trade in The Bank of New York Mellon Corporation (Symbol: BK)

OptionWatch:

Posted October 12, 2023 at 11:45 am

Jeff Praissman
Interactive Brokers

This morning 5,000 October 20 ’23 40 puts traded in The Bank of New York Mellon Corporation (Symbol: BK). The trader paid between $0.50 and $0.65 for the BK puts with the stock trading around $41.45 at the time of the trade. The puts are a 30 delta, so the trade is the equivalent of 150,000 shares of stock.

BK is expected to release its earnings on October 17th and has had mixed results over the past eight cycles of under and overperforming estimates.

BK is expected to release its earnings on October 17th and has had mixed results over the past eight cycles of under and overperforming estimates.

BK is currently trading at $41.35. BK has a 52-week high of $51.80 and a 52-week low of $35.32.

BK is currently trading at $41.35. BK has a 52-week high of $51.80 and a 52-week low of $35.32.

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2 thoughts on “5,000 Earnings Expiration Puts Trade in The Bank of New York Mellon Corporation (Symbol: BK)”

  • Roger B. Fox

    You neglected to mention the strike but it looks like it was the 40.

    • Interactive Brokers

      Hello Roger, thank you for pointing this out. The strike price was the Oct 20 ’23 40 puts in BK. This is now reflected in the article. We hope you continue to engage with Traders’ Insight!

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