ONEOK (OKE) Offering Possible 14.94% Return Over the Next 38 Calendar Days

ONEOK's most recent trend suggests a bearish bias. One trading opportunity on ONEOK is a Bear Call Spread using a strike $45.00 short call and a strike $50.00 long call offers a potential 14.94% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $45.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock rose above the $50.00 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 22.84 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

4:08 pm ONEOK increases its quarterly cash dividend by 3%, to $0.605/share from $0.59/share
Wed, 14 Jan 2015 21:08:00 GMT

ONEOK Increases Quarterly Dividend
Wed, 14 Jan 2015 21:05:00 GMT
PR Newswire – TULSA, Okla., Jan. 14, 2015 /PRNewswire/ — The board of directors of ONEOK, Inc. (NYSE: OKE) today increased ONEOK's quarterly cash dividend by 1.5 cents per share, or 3 percent, to 60.5 cents per share, …

ONEOK INC /NEW/ Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Tue, 13 Jan 2015 21:46:56 GMT

ONEOK Partners to Participate in UBS MLP One-on-One Conference
Mon, 12 Jan 2015 21:05:00 GMT
PR Newswire – TULSA, Okla., Jan. 12, 2015 /PRNewswire/ — ONEOK Partners, L.P. (NYSE: OKS) will participate in the UBS MLP One-on-One Conference on Tuesday, Jan. 13, 2015, in Park City, Utah. Terry K. Spencer, ONEOK …

ONEOK INC /NEW/ Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Wed, 07 Jan 2015 21:16:36 GMT

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