ONEOK (OKE) Offering Possible 9.89% Return Over the Next 31 Calendar Days

ONEOK's most recent trend suggests a bearish bias. One trading opportunity on ONEOK is a Bear Call Spread using a strike $40.00 short call and a strike $45.00 long call offers a potential 9.89% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $40.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $45.00 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 above 80 which suggests that the stock is in overbought 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
Wed, 14 Oct 2015 20:24:38 GMT

ONEOK and ONEOK Partners Third-quarter 2015 Conference Call and Webcast Scheduled
Tue, 13 Oct 2015 21:08:08 GMT
noodls – TULSA, Okla., Oct. 13, 2015 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) and ONEOK Partners, L.P. (NYSE: OKS) will release their third-quarter 2015 earnings after the market closes on Nov. 3, 2015. ONEOK's …

ONEOK and ONEOK Partners Third-quarter 2015 Conference Call and Webcast Scheduled
Tue, 13 Oct 2015 20:28:11 GMT
noodls – TULSA, Okla., Oct. 13, 2015 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) and ONEOK Partners, L.P. (NYSE: OKS) will release their third-quarter 2015 earnings after the market closes on Nov. 3, 2015. ONEOK's …

ONEOK and ONEOK Partners Third-quarter 2015 Conference Call and Webcast Scheduled
Tue, 13 Oct 2015 20:05:00 GMT
PR Newswire – TULSA, Okla., Oct. 13, 2015 /PRNewswire/ — ONEOK, Inc. (NYSE: OKE) and ONEOK Partners, L.P. (NYSE: OKS) will release their third-quarter 2015 earnings after the market closes on Nov. 3, 2015. ONEOK's …

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