ONEOK (OKE) Offering Possible 7.53% Return Over the Next 6 Calendar Days

ONEOK's most recent trend suggests a bullish bias. One trading opportunity on ONEOK is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 7.53% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $52.50 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 55.66 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

Is It Time To Sell ONEOK Inc (NYSE:OKE) Based Off Its PE Ratio?
Thu, 12 Apr 2018 19:19:26 +0000
ONEOK Inc (NYSE:OKE) is currently trading at a trailing P/E of 45.1x, which is higher than the industry average of 12.4x. Although some investors may jump to the conclusion thatRead More…

ONEOK First-quarter 2018 Conference Call and Webcast Scheduled
Wed, 11 Apr 2018 20:15:00 +0000
TULSA, Okla. , April 11, 2018 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) will release first-quarter 2018 earnings after the market closes on May 1, 2018 . ONEOK's executive management will participate in …

ONEOK's Quant Upgrade Is Not the Only Thing That Looks Good for the Stock
Wed, 11 Apr 2018 16:37:00 +0000
It is always a more compelling story when the fundamental, quantitative and technical stories fit together.

The Zacks Analyst Blog Highlights: Shenandoah, AES, Global Water, CenterPoint and ONEOK
Mon, 09 Apr 2018 13:03:01 +0000
The Zacks Analyst Blog Highlights: Shenandoah, AES, Global Water, CenterPoint and ONEOK

A Look at WMB’s Current Valuations
Mon, 09 Apr 2018 11:32:41 +0000
Williams Companies (WMB) was trading at an EV-to-EBITDA1 multiple of 10.2x on April 5, 2018. Among WMB’s peers, Enterprise Products Partners (EPD) and ONEOK (OKE) are trading at higher multiples of 12.4x and 14.3x, respectively. Kinder Morgan (KMI) is trading at a lower EV-to-EBITDA multiple of 9.8x.

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