The Bank of New York Mellon is one of our favorite bank stocks and is rarely, if ever, talked about by the financial media. It is not the most exciting of stocks, but we have had some success trading. The last time we discussed the stock was on March 24, when we suggested investors sell a put spread on the name. This idea is the thought that comes to mind when thinking of the Bank of New York Mellon. We suggested closing it out as the stock ran up faster than our expectations, and our technical analysis suggested a peak may be at hand.
