ONEOK Partners (OKS) 11/9/09 PriceWatch Alert Could Hit 5.86% Return
Posted: Monday, November 09, 2009 8:27 AM EDT
By: Market Intelligence Center Staff
ONEOK Partners (NYSE: OKS) ended the last trading session at $57.13. So far the stock has hit a 52-week low of $33.90 and 52-week high of $58.73. ONEOK Partners stock has been showing support around 55.93 and resistance in the 58.09 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 $53.63 area. That is also the break even stock price for this trade. This covered call has a 159 day duration, provides 6.13% downside protection and a 2.55% assigned return rate for a 5.86% annualized return rate (comparison purposes only). ONEOK Partners has a current annual dividend yield of 7.77%. [ABR-Seven Summits Research]
CLICK HERE: FREE ONEOK Partners (OKS) Stock ReportSee what our analysts have uncovered about ONEOK Partners (OKS).