ONEOK (OKE) Offering Possible 28.21% Return Over the Next 32 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 28.21% return on risk over the next 32 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 $1.10 would be kept by the premium seller. The risk of $3.90 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 below 20 which suggests that the stock is in oversold territory.

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 INC /NEW/ Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Tue, 09 Dec 2014 21:07:05 GMT

Crude oil swoons to 5-year low, gas prices to follow
Tue, 09 Dec 2014 00:39:01 GMT

ONEOK and ONEOK Partners to Participate in Wells Fargo Energy Symposium
Mon, 08 Dec 2014 22:10:14 GMT
noodls – TULSA, Okla., Dec. 8, 2014 /PRNewswire/ –ONEOK, Inc. (NYSE: OKE) and ONEOK Partners, L.P. (NYSE: OKS) will participate in the annual Wells Fargo Energy Symposium in New York City on Dec. 9-10, 2014. … …

ONEOK and ONEOK Partners to Participate in Wells Fargo Energy Symposium
Mon, 08 Dec 2014 21:05:00 GMT
PR Newswire – TULSA, Okla., Dec. 8, 2014 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) and ONEOK Partners, L.P. (NYSE: OKS) will participate in the annual Wells Fargo Energy Symposium in New York City on Dec. 9-10, 2014. …

ONE Gas to Participate in Wells Fargo Annual Energy Symposium
Thu, 04 Dec 2014 21:05:00 GMT
PR Newswire – TULSA, Okla., Dec. 4, 2014 /PRNewswire/ — ONE Gas, Inc. (NYSE: OGS) announced today it will participate in the Wells Fargo Annual Energy Symposium on Wednesday, Dec. 10, 2014, in New York City. Pierce …

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