BK – Bank of New York Mellon Corp. – Global financial services company, Bank of New York Mellon, received a vote of confidence by one options investor who appears to be positioning for a significant increase in the firm’s share price by July expiration. BK’s shares are currently trading 1.75% higher on the day to stand at $27.82 as of 12:20 pm (ET). It looks like the bullish trader purchased a debit call spread, buying roughly 12,500 calls at the July $29 strike for a premium of $0.94 apiece, and selling about the same number of calls at the higher July $32 strike for a premium of $0.14 each. Net premium paid for the spread amounts to $0.80 per contract. The call spreader makes money if shares of the underlying stock rally at least 7.1% to surpass the effective breakeven price of $29.80 by expiration day in a couple of months. Shares must surge 15% over the current value of the stock and exceed $32.00 each in order for the investor to pocket maximum potential profits of $2.20 per contract by July expiration. BK’s shares last traded above $32.00 on April 29, 2010, when the stock touched an intraday high of $32.17. The current 52-week high for shares of Bank of New York Mellon Corp. is $32.65, attained on April 13, 2010.