ONEOK (OKE) Offering Possible 12.36% Return Over the Next 23 Calendar Days

ONEOK's most recent trend suggests a bullish bias. One trading opportunity on ONEOK is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 12.36% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock dropped below the $60.00 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

What Did Institutional Investors Do with Their Positions in EPD?
Mon, 21 May 2018 20:20:02 +0000
The number of institutional holders in Enterprise Products Partners (EPD) fell to 1,063 by the end of the first quarter compared to 1,069 in the previous quarter.

Should ONEOK Inc (NYSE:OKE) Be Part Of Your Dividend Portfolio?
Sat, 19 May 2018 01:07:11 +0000
Dividends play a key role in compounding returns over time and can form a large part of our portfolio return. ONEOK Inc (NYSE:OKE) has returned to shareholders over the pastRead More…

Williams Partners Up 7% on Merger Announcement with GP
Thu, 17 May 2018 19:32:52 +0000
Williams Partners (WPZ) rallied 7% early yesterday following a merger announcement with its GP, Williams Companies (WMB). The c-corp GP has agreed to acquire all the outstanding units of the MLP in a stock-for-unit deal valued at $10.5 billion.

5 Reason ONEOK Inc.’s Management Team Is Optimistic
Tue, 15 May 2018 19:05:00 +0000
The pipeline giant expects high-octane growth in the coming years.

Kinder Morgan Rose 2.5% Last Week
Mon, 14 May 2018 21:38:44 +0000
Kinder Morgan (KMI) stock rose 2.5% last week (ended May 11), outperforming Enterprise Products Partners (EPD), which rose 2.1%. ONEOK (OKE) and the Energy Select Sector SPDR ETF (XLE) rose 3.7% and 3.9%, respectively, and crude oil rose 1.4%, remaining above $70 per barrel in four of the five days.

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