Bank of New York Mellon (BK) PriceWatch Alert For 10/21/2009 - Calendar Spread Risk Ranking Improves to 3 Keys

Posted: Wednesday, October 21, 2009 8:29 AM EDT

Bank of New York Mellon (NYSE: BK) closed yesterday at $28.90. So far the stock has hit a 52-week low of $15.44 and 52-week high of $34.78. The proprietary Key Risk Ranking for BK has improved from a 2 KEY Considerable Relative Risk to a 3 KEY Moderate Relative Risk. This Key Ranking is determined daily and is a measure of the relative risk for an optimal calendar spread trade on this underlying stock with a targeted 7.34% return (31.00% annualized for comparison purposes). This ranking looks at many factors related to the stock and associated option contracts. The Key ranking is intended as a guide for investors researching this underlying stock. [WBA-Seven Summits Research]

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