Investors in ONEOK Inc (NYSE: OKE) can now explore new options for June 2027, including a put contract at the $80.00 strike price, currently bidding at $6.10. Selling this put would obligate an investor to buy the stock at $80.00 while effectively lowering their cost basis to $73.90, providing a potential 12% discount from the current share price of $90.52. The odds of this put expiring worthless are approximately 71%.
On the call side, there’s also a call contract at the $115.00 strike price, with a current bid of $2.45. If an investor purchases shares at the current price and sells the call, they could see a total return of 29.75% if exercised. This call has an expiration probability of about 78% for being worthless. The implied volatility for the put is 30%, while it’s 28% for the call, compared to an actual trailing twelve-month volatility of 25%.
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