The Bank of New York Mellon Corporation provides various financial products and services around the globe. The stock has been under performing the market, but I think it is time to rip to the upside. Today we saw a trader buy almost 10,000 BK Sep 35 Calls for $1.08 which was over 6.0 times the average daily options volume and controls over 1 million shares of stock. We continue to see bullish activity in the KRE, the regional banking ETF, and several other financial names. I bought these Calls for $1.09 as this trader is making over a $1 million bet in this stock.
