ONEOK (OKE) Offering Possible 40.85% Return Over the Next 28 Calendar Days

ONEOK's most recent trend suggests a bullish bias. One trading opportunity on ONEOK is a Bull Put Spread using a strike $43.50 short put and a strike $38.50 long put offers a potential 40.85% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $43.50 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $3.55 would be incurred if the stock dropped below the $38.50 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 77.48 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 Declares Quarterly Dividend
Wed, 20 Jan 2021 21:15:00 +0000
The board of directors of ONEOK, Inc. (NYSE: OKE) today declared a quarterly dividend of 93.5 cents per share, unchanged from the previous quarter, resulting in an annualized dividend of $3.74 per share.

ONE Gas (OGS) Ups 2020 EPS View, To Invest $3B in Five Years
Wed, 20 Jan 2021 16:31:04 +0000
ONE Gas (OGS) provides bullish 2020 financial expectations. The company also initiates its overall 2021 guidance.

Top Energy Stocks for February 2021
Mon, 18 Jan 2021 19:57:06 +0000
These are the energy stocks with the best value, fastest growth, and most momentum for February 2021.

Top Ranked Income Stocks to Buy for January 15th
Fri, 15 Jan 2021 13:23:01 +0000
Top Ranked Income Stocks to Buy for January 15th

ONEOK Fourth Quarter and Year-end 2020 Conference Call and Webcast Scheduled
Thu, 14 Jan 2021 21:15:00 +0000
ONEOK, Inc. (NYSE: OKE) will release fourth quarter and year-end 2020 earnings after the market closes on Feb. 22, 2021.

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