ONEOK (OKE) Offering Possible 35.8% Return Over the Next 24 Calendar Days

ONEOK's most recent trend suggests a bullish bias. One trading opportunity on ONEOK is a Bull Put Spread using a strike $63.50 short put and a strike $58.00 long put offers a potential 35.8% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $63.50 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock dropped below the $58.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for ONEOK is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for ONEOK is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for ONEOK

ONEOK Declares Quarterly Dividend
Wed, 20 Oct 2021 20:15:00 +0000
The board of directors of ONEOK, Inc. (NYSE: OKE) today declared a quarterly dividend of 93.5 cents per share, unchanged from the previous quarter, resulting in an annualized dividend of $3.74 per share.

Hedge Funds Are Warming Up To ONEOK, Inc. (OKE)
Tue, 19 Oct 2021 15:09:51 +0000
At Insider Monkey, we pore over the filings of nearly 873 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we’ve gathered as a result gives us access to a wealth of collective knowledge based on these firms’ portfolio holdings as of June 30th. In this […]

5 quality energy stocks with high dividend yields propelled by soaring oil prices
Thu, 14 Oct 2021 14:11:00 +0000
These stocks have dividend yields as high as 5.91%, and the companies never cut dividends after oil prices began their long decline in 2014.

UGI vs. OKE: Which Stock Is the Better Value Option?
Mon, 11 Oct 2021 15:40:03 +0000
UGI vs. OKE: Which Stock Is the Better Value Option?

Why the Earnings Surprise Streak Could Continue for Oneok (OKE)
Fri, 08 Oct 2021 16:10:04 +0000
Oneok (OKE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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