ONEOK (OKE) Offering Possible 21.95% Return Over the Next 29 Calendar Days

ONEOK's most recent trend suggests a bullish bias. One trading opportunity on ONEOK is a Bull Put Spread using a strike $37.50 short put and a strike $32.50 long put offers a potential 21.95% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $37.50 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 $32.50 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 64.92 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 Announces Board of Directors Changes
Tue, 15 Dec 2020 21:15:00 +0000
The board of directors of ONEOK, Inc. (NYSE: OKE) elected Gerald B. Smith as a director to the board, effective Dec. 15, 2020.

Who Has Been Buying ONEOK, Inc. (NYSE:OKE) Shares?
Sat, 12 Dec 2020 08:33:55 +0000
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly…

ONEOK's (OKE) Expansion Efforts & Fee-Based Earnings Bode Well
Fri, 11 Dec 2020 17:40:05 +0000
ONEOK's (OKE) strategic expansion moves and higher fee-based earnings are its key levers for operational excellence.

Top Stocks With High Dividend Yields
Fri, 11 Dec 2020 16:42:00 +0000
Income investors still have a few picks with big payout profiles despite the low-payout environment.

ONEOK to Participate in Wells Fargo Virtual Midstream and Utility Symposium
Mon, 07 Dec 2020 21:15:00 +0000
ONEOK, Inc. (NYSE: OKE) will participate in the Wells Fargo Virtual Midstream and Utility Symposium Dec. 8-9, 2020.

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