ONEOK Partners (OKS) 10/20/09 PriceWatch Alert Support Down To $55.64
Posted: Tuesday, October 20, 2009 8:43 AM EDT
By: Market Intelligence Center Staff
ONEOK Partners (NYSE: OKS) closed yesterday at $56.83. So far the stock has hit a 52-week low of $33.90 and 52-week high of $57.02. ONEOK Partners stock has been showing support around 55.64 and resistance in the 57.62 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 $53.83 area. That is also the break even stock price for this trade. This covered call has a 179 day duration, provides 5.28% downside protection and a 2.17% assigned return rate for a 4.43% annualized return rate (comparison purposes only). ONEOK Partners has a current annual dividend yield of 7.70%. [ATU-Seven Summits Research]
CLICK HERE: FREE ONEOK Partners (OKS) Stock ReportSee what our analysts have uncovered about ONEOK Partners (OKS).