ONEOK (OKE) Offering Possible 21.95% Return Over the Next 20 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 21.95% return on risk over the next 20 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 $0.90 would be kept by the premium seller. The risk of $4.10 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 78.22 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 Fourth-quarter and Year-End 2017 Conference Call and Webcast Scheduled
Thu, 25 Jan 2018 21:15:00 +0000
TULSA, Okla. , Jan. 25, 2018 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) will release fourth-quarter and year-end 2017 earnings after the market closes on Feb. 26, 2018 . ONEOK's executive management will …

It’s Raining Upgrades for This S&P 500 Midstream C Corporation
Thu, 25 Jan 2018 19:45:14 +0000
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$150M natural gas processing plant planned in North Dakota
Thu, 25 Jan 2018 17:42:24 +0000
A $150 million natural gas processing plant is planned in western North Dakota, bringing to four the number of projects proposed to capture more of the record volume of gas that is coming as a byproduct …

Ex-Dividend Alert: ONEOK Raised its Dividend by 3%; Will Trade Ex-Dividend on January 26, 2018
Thu, 25 Jan 2018 12:00:00 +0000
LONDON, UK / ACCESSWIRE / January 25, 2018 / Active-Investors has a free review on ONEOK, Inc. (NYSE: OKE ) following the Company's announcement that it will begin trading ex-dividend on January 26, 2018. …

ONEOK, Inc. Expects 2018 to Be a Big Year
Tue, 23 Jan 2018 18:36:00 +0000
Improving energy market conditions will fuel higher volumes and bigger profits for the pipeline company.

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