ONEOK (OKE) Offering Possible 9.89% Return Over the Next 6 Calendar Days

ONEOK's most recent trend suggests a bearish bias. One trading opportunity on ONEOK is a Bear Call Spread using a strike $65.00 short call and a strike $70.00 long call offers a potential 9.89% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $70.00 long call 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 down which suggests that the medium-term momentum for ONEOK is bearish.

The RSI indicator is at 36.75 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

The Zacks Analyst Blog Highlights, Airbnb, Marathon Petroleum, United Microelectronics, and ONEOK
Tue, 10 May 2022 11:37:11 +0000
Airbnb, Marathon Petroleum, United Microelectronics, and ONEOK are part of Zacks Top Analyst Blog.

Broker Revenue Forecasts For ONEOK, Inc. (NYSE:OKE) Are Surging Higher
Tue, 10 May 2022 10:10:14 +0000
Celebrations may be in order for ONEOK, Inc. ( NYSE:OKE ) shareholders, with the analysts delivering a significant…

ONEOK to Participate in Citi Global Energy, Utilities and Climate Technology Conference
Mon, 09 May 2022 20:15:00 +0000
ONEOK, Inc. (NYSE: OKE) will participate in the Citi Global Energy, Utilities and Climate Technology Conference on May 10-11, 2022, in Boston.

4 Top-Ranked Stocks to Ride Out the Weak Trends in May
Mon, 09 May 2022 12:50:12 +0000
Airbnb (ABNB), Marathon Petroleum (MPC), United Microelectronics (UMC), and ONEOK (OKE) could prove extremely beneficial for investors in the current market environment.

Here is Why Growth Investors Should Buy Oneok (OKE) Now
Thu, 05 May 2022 16:45:04 +0000
Oneok (OKE) possesses solid growth attributes, which could help it handily outperform the market.

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