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Barchart
Barchart
Mark R. Hake, CFA

Massive Put Options Trading in Bank of NY Mellon - Out-of-the-Money 3.33% Yield

BNY Barchart Morningstar Yahoo Finance

Today, massive put option trading in Bank of NY Mellon (BNY) shows that some investors are earning a 3.33% 150-day short-put yield. That could imply investors are shorting these puts to establish a potential lower buy-in point for BNY stock ahead of its upcoming earnings, especially if BNY dips.

BNY is at $163.44 in midday trading, and the strike price of this huge volume of BNY puts is $150.00, expiring on Jan. 15, 2027. The chart below shows that BNY stock has been on a 3-month upward trek.

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