ONEOK (OKE) Offering Possible 35.14% 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 $59.50 short put and a strike $54.50 long put offers a potential 35.14% 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 $59.50 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock dropped below the $54.50 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 79.05 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

Will ONEOK Continue to Outperform Its Peers?
Thu, 26 Apr 2018 20:20:02 +0000
So far, ONEOK (OKE) has risen nearly 9% in 2018. In comparison, Enterprise Products Partners (EPD), Targa Resources (TRGP), and Kinder Morgan (KMI) have fallen nearly 1%, 6%, and 13%, respectively, during the same period. The Energy Select Sector SPDR ETF (XLE) has risen nearly 1% year-to-date. So, ONEOK has outperformed its peers in 2018. ONEOK’s strong 4Q17 performance and positive 2018 outlook likely contributed to the company’s outperformance.

Short Interest in ONEOK Rose 7%
Thu, 26 Apr 2018 18:50:08 +0000
The number of ONEOK (OKE) shares shorted rose from ~11.4 million on March 30 to ~12.2 million on April 13—a rise of ~7.1%. According to data released on April 24, the short interest in ONEOK as a percentage of its float is currently ~3.0%—up from ~2.8% at the end of March. The short interest as a percentage of float in ONEOK is lower than its five-year average of ~4.7%.

What Could Drive ONEOK’s 1Q18 Earnings Growth?
Thu, 26 Apr 2018 17:19:54 +0000
Higher volumes from new natural gas processing plants and increased ethane recovery in the STACK and SCOOP areas contributed to ONEOK’s (OKE) Natural Gas Liquids segment’s earnings growth in 4Q17. ONEOK expects the ethane rejection on its system to decrease in 2018 due to new petrochemical facilities and increased NGL (natural gas liquids) exports. A higher level of ethane recovery might contribute to the segment’s earnings in 1Q18.

ONEOK’s 1Q18 Earnings Are Expected to Rise 18%
Thu, 26 Apr 2018 17:19:49 +0000
ONEOK (OKE) is scheduled to release its 1Q18 results on May 1 after the market closes. Analysts expect ONEOK’s 1Q18 adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) to rise 18% YoY (year-over-year) to $549 million in 1Q18. The expected 1Q18 EBITDA is flat compared to ONEOK’s 4Q17 EBITDA.

Ex-Dividend Alert: ONEOK Raised its Dividend by 3 %; Will Trade Ex-Dividend on April 27, 2018
Thu, 26 Apr 2018 11:10:00 +0000
LONDON, UK / ACCESSWIRE / April 26, 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 April 27, 2018. Active-Investors has initiated due-diligence on this dividend stock. If your portfolio includes dividend stocks, you have come to the right place for timely information.

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