ONEOK (OKE) Offering Possible 42.86% Return Over the Next 22 Calendar Days

ONEOK's most recent trend suggests a bearish bias. One trading opportunity on ONEOK is a Bear Call Spread using a strike $36.00 short call and a strike $41.00 long call offers a potential 42.86% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $36.00 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock rose above the $41.00 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 at 41.48 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: A Large-Cap With a High Yield and Growth Potential
Tue, 23 Jun 2020 17:39:37 +0000
A top-notch asset portfolio should provide continued growth and dividend Continue reading…

Oneok Inc. (OKE) Outpaces Stock Market Gains: What You Should Know
Thu, 18 Jun 2020 21:45:09 +0000
Oneok Inc. (OKE) closed the most recent trading day at $36.35, moving +0.5% from the previous trading session.

ONEOK to Participate in J.P. Morgan Energy Virtual Conference
Mon, 15 Jun 2020 20:15:00 +0000
ONEOK, Inc. (NYSE: OKE) will participate in the J.P. Morgan Energy, Power and Renewables Virtual Conference June 16-17, 2020.

ONEOK, Inc. (OKE): Weak Hands Are Selling
Mon, 15 Jun 2020 11:52:20 +0000
In this article you are going to find out whether hedge funds think ONEOK, Inc. (NYSE:OKE) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among […]

RPT-BUZZ-U.S. stocks weekly: Pullback
Mon, 15 Jun 2020 10:03:57 +0000

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