ONEOK Inc. (OKE)

OKE publishes earnings on Monday after the closing bell.

I shall use the APR series of options, which trades for the last time 53 days hence, on April 21.

Implied volatility stands at 28%, which is 2.4 times the VIX, a measure of the volatility of the S&P 500 index.

OKE’s IV stands in the 11th percentile of its annual range and the 46th percentile of its most recent broad movement.

The price used for analysis was $53.51.

At this point I can go straight to a decision without further analysis.

Decision for My Account

OKE’s implied volatility has declined by 4 percentile since I added it to my prospects list in this morning Agenda post.That’s below my trading standards, so I’m passing on any further analysis or a trade.

By Tim Bovee, Portland, Oregon, Feb. 27, 2017