ONEOK (OKE) Offering Possible 17.65% Return Over the Next 13 Calendar Days

ONEOK's most recent trend suggests a bullish bias. One trading opportunity on ONEOK is a Bull Put Spread using a strike $52.50 short put and a strike $47.50 long put offers a potential 17.65% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $52.50 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock dropped below the $47.50 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 60.89 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 (OKE) Q1 2021 Earnings Call Transcript
Wed, 28 Apr 2021 23:31:19 +0000
Thank you, Travis and welcome to ONEOK's first-quarter 2021 earnings call. A reminder that statements made during this call that might include ONEOK's expectations or predictions should be considered forward-looking statements and are covered by the safe harbor provision of the Securities Acts of 1933 and 1934.

ONEOK (OKE) Beats on Q1 Earnings, Raises 2021 EPS Guidance
Wed, 28 Apr 2021 17:06:05 +0000
ONEOK's (OKE) first-quarter earnings and revenues improve year over year.

ONEOK, Inc. to Host Earnings Call
Wed, 28 Apr 2021 12:45:00 +0000
NEW YORK, NY / ACCESSWIRE / April 28, 2021 / ONEOK, Inc. (NYSE:OKE) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on April 28, 2021 at 11:00 AM Eastern Time.

Oneok Inc. (OKE) Tops Q1 Earnings Estimates
Tue, 27 Apr 2021 21:55:09 +0000
Oneok (OKE) delivered earnings and revenue surprises of 8.86% and -9.41%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

ONEOK Announces Higher First Quarter 2021 Earnings; Increases 2021 Financial Guidance
Tue, 27 Apr 2021 20:15:00 +0000
ONEOK, Inc. (NYSE: OKE) today announced higher first quarter 2021 results and increased 2021 financial guidance.

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