ONEOK Offering Possible 7.53% Return Over the Next 9 Calendar Days

ONEOK's most recent trend suggests a bullish bias. One trading opportunity on ONEOK is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 7.53% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $55.00 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 36.47 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

ONEOK INC /NEW/ Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Thu, 13 Feb 2014 22:03:55 GMT

4:08 pm ONEOK announces it accepted for purchase ~ $152.6 mln, or 21.8%, of its outstanding 4.25 percent notes due 2022
Wed, 12 Feb 2014 06:57:57 GMT

ONEOK Announces Tender Offer Final Results
Wed, 12 Feb 2014 00:23:36 GMT
noodls – TULSA, Okla., Feb. 11, 2014 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) today announced that it accepted for purchase approximately $152.6 million, or 21.8 percent, of its outstanding 4.25 percent notes due …

ONEOK Announces Tender Offer Final Results
Tue, 11 Feb 2014 21:05:00 GMT
PR Newswire – TULSA, Okla., Feb. 11, 2014 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) today announced that it accepted for purchase approximately $152.6 million, or 21.8 percent, of its outstanding 4.25 percent notes due …

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