BNY Mellon BK Stock & Option Trade Ideas

Based on the technical data for BK, here is the analysis:

• MACD (Moving Average Convergence Divergence): The MACD line has been consistently above the Signal line since early May, indicating a bullish trend.
• Bollinger Bands: The stock price has been consistently trading at or above the middle band, suggesting a bullish trend.
• RSI (Relative Strength Index): The RSI has fluctuated but is currently around 57, indicating a neutral to slightly bullish sentiment.

Overall, the technical indicators suggest a somewhat bullish outlook for BK.

Considering this analysis, here are some potential stock and option trading strategies for BK in the coming days:

• Stock Trade: Consider entering a long position on BK as the technical indicators are pointing towards a bullish trend. Monitor the price action closely for potential entry points.
• Call Option Trade: Buy a call option on BK with a strike price slightly above the current price if you expect the stock to continue its bullish trend. Make sure to manage your risk and set stop-loss orders.
• Bull Put Spread: If you’re more conservative, you can consider selling a put option with a strike below the current price and buying a put option with a lower strike price to create a credit spread. This strategy can profit if the stock remains above the higher strike price by expiration.