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This Oil & Gas Stock is Ready to Make a Move

OKE options are affordably priced at the moment, too

Jun 13, 2025 at 11:44 AM
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Subscribers to Schaeffer's Weekend Trader options recommendation service received this OKE commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.

Oil & gas services stock ONEOK, Inc. (NYSE:OKE) is trying to carve out of a low at its 2020 highs, 2024 summer lows, and spring 2025 lows. The shares are holding the open interest (OI) balance at the 80-strike, and back in April found a low at the peak put 75 strike.
 
A front-month gamma-weighted Schaeffer's open interest ratio (SOIR) above 1.00 could be signaling an immediate pending move. And with a Schaeffer's Volatility Index (SVI) ranking in the 19th percentile of its annual range and a Schaeffer's Volatility Scorecard (SVS) rank of 70 out of 100, options are the preferred route to take a flier.

Our recommended September call option has a leverage ratio of 7.5 and will double on a 13.6% gain in the underlying security.
 

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