ONEOK Partners (OKS) 10/19/09 PriceWatch Alert Bullish Price Movement
Posted: Monday, October 19, 2009 8:30 AM EDT
By: Market Intelligence Center Staff
ONEOK Partners (NYSE: OKS) ended the last trading session at $56.31. So far the stock has hit a 52-week low of $33.90 and 52-week high of $56.75. ONEOK Partners stock has been showing support around 55.36 and resistance in the 57.12 range. Technical indicators for the stock are Bullish and S&P gives OKS a neutral 3 STAR (out of 5) hold rating. OKS appears on the Investors Observer Hedged Dividend Income list. For a hedged play on this stock, look at an Apr '10 55 covered call (OKS DK) for a net debit in the $53.51 area. That is also the break even stock price for this trade. This covered call has an 180 day duration, provides 4.97% downside protection and a 2.78% assigned return rate for a 5.65% annualized return rate (comparison purposes only). ONEOK Partners has a current annual dividend yield of 7.72%. [ABR-Seven Summits Research]
CLICK HERE: FREE ONEOK Partners (OKS) Stock ReportSee what our analysts have uncovered about ONEOK Partners (OKS).