ONEOK Partners (OKS) 11/13/09 PriceWatch Alert At $53.80 Break Even
Posted: Friday, November 13, 2009 8:27 AM EDT
By: Market Intelligence Center Staff
ONEOK Partners (NYSE: OKS) closed yesterday at $57.40. 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 56.71 and resistance in the 57.99 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 $53.80 area. That is also the break even stock price for this trade. This covered call has a 155 day duration, provides 6.27% downside protection and a 2.23% assigned return rate for a 5.25% annualized return rate (comparison purposes only). ONEOK Partners has a current annual dividend yield of 7.51%. [FBB-Seven Summits Research]
CLICK HERE: FREE ONEOK Partners (OKS) Stock ReportSee what our analysts have uncovered about ONEOK Partners (OKS).