ONEOK (OKE) Offering Possible 14.75% Return Over the Next 8 Calendar Days

ONEOK's most recent trend suggests a bearish bias. One trading opportunity on ONEOK is a Bear Call Spread using a strike $55.50 short call and a strike $62.50 long call offers a potential 14.75% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $55.50 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $6.10 would be incurred if the stock rose above the $62.50 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 78.31 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

3 Scorching Hot Dividend Stocks — Are They Buys?
Sun, 09 Apr 2017 15:00:00 +0000
These high-yield dividend stocks have all doubled over the past year.

3 Reasons Magellan Midstream Partners, L.P. Is a Better Dividend Stock Than ONEOK, Inc.
Tue, 04 Apr 2017 20:07:00 +0000
The refined-products MLP has several competitive advantages over its NGL-focused rival.

ONEOK Has Fallen 3% in 2017: What’s Ahead?
Mon, 03 Apr 2017 17:09:42 +0000
ONEOK was trading below its 50-day moving average in the previous week ending March 24, 2017. It rose 4.4% for the week ending March 31.

ONEOK Stock Rose Compared to the Energy Sector Last Week
Mon, 03 Apr 2017 17:09:35 +0000
ONEOK (OKE) rose 4.4% for the week ending March 31, 2017. In comparison, the Energy Select Sector SPDR ETF (XLE) rose 2%.

19 high-yield dividend stocks that pass a five-point investing screen
Fri, 31 Mar 2017 12:12:38 +0000
These companies have enough cash flow to support even higher dividends, says Phil van Doorn.

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