ONEOK (OKE) Offering Possible 13.64% Return Over the Next 13 Calendar Days

ONEOK's most recent trend suggests a bullish bias. One trading opportunity on ONEOK is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 13.64% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $65.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for ONEOK is bullish and the probability of a rise 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 at 65.44 level which suggests that the stock is neither overbought nor oversold at this time.

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

Why Is Oneok (OKE) Up 11.6% Since Last Earnings Report?
Wed, 30 Mar 2022 15:30:03 +0000
Oneok (OKE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Oneok Inc. (OKE) Gains But Lags Market: What You Should Know
Tue, 29 Mar 2022 22:00:10 +0000
Oneok Inc. (OKE) closed at $71.24 in the latest trading session, marking a +0.28% move from the prior day.

ONEOK to Participate in U.S. Capital Advisors Midstream Corporate Access Day
Tue, 29 Mar 2022 20:15:00 +0000
ONEOK, Inc. (NYSE: OKE) will participate in investor meetings at the U.S. Capital Advisors Midstream Corporate Access Day on March 30, 2022, in Houston, Texas.

Here's Why Oneok Inc. (OKE) is a Strong Momentum Stock
Thu, 24 Mar 2022 14:19:02 +0000
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Oneok Inc. (OKE) Gains As Market Dips: What You Should Know
Wed, 23 Mar 2022 22:00:10 +0000
Oneok Inc. (OKE) closed at $68.97 in the latest trading session, marking a +0.98% move from the prior day.

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