OKE Gamma Exposure, IV Rank & Implied Volatility
ONEOK Inc. (OKE) options data — GEX, IV rank, options chain & Greeks
OKE options trade with implied volatility typically in the 18% - 40% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.
An IV rank near 39.4 (the value shown here is illustrative) would mean implied volatility is in roughly the 39.4th percentile of its 1-year range — middle range, neutral on premium selling vs buying. For today's live OKE IV rank from ORATS, open the dashboard.
Chart shows simulated data for display purposes. View the real OKE IV history on the live platform →
Comprehensive options market data for ONEOK Inc.
OKE Options at a Glance
What's Covered in This Guide
1 About ONEOK Inc. (OKE)
ONEOK is a leading midstream operator providing natural gas gathering, processing, storage, and transportation services across the Williston, Mid-Continent, and Permian basins.
Company Profile
Key Dates
ONEOK Inc. operates in the Energy sector.
2 OKE Options Market Overview
OKE options provide good liquidity for options traders.
Liquidity Assessment: Good
OKE options are available for trading across multiple expirations.
3 OKE Implied Volatility & IV Rank
OKE implied volatility is influenced by commodity prices, OPEC decisions, and geopolitical events. Energy stocks see elevated volatility during oil price instability.
Earnings Impact
IV typically expands before earnings and contracts after the announcement.
The post-earnings volatility drop is known as IV crush. Holders of short OKE options should also understand early assignment risk around dividends and expiration.
Historical Volatility vs IV
OKE IV generally trades near historical volatility, with premiums expanding around earnings.
Term Structure
Typically upward sloping under normal conditions.
OKE Gamma Exposure (GEX)
Gamma Exposure analysis for OKE reveals dealer hedging dynamics at key strike levels.
Typical GEX Profile: OKE tends to operate in a positive gamma environment during normal conditions.
Key Levels:
Dealer Hedging:
4 Common OKE Options Strategies
These are strategies commonly used by traders on OKE options, based on typical market characteristics. This is not investment advice.
Popular for OKE shareholders seeking additional income.
Defined-risk directional exposure on OKE.
Range-bound strategy for OKE between events.
Key Considerations for OKE Options
- OKE options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
- Monitor earnings dates for IV expansion/contraction patterns
- Consider the stock's beta when sizing positions
Frequently Asked Questions: OKE Options
What is OKE's typical implied volatility?
OKE implied volatility typically ranges from 18% - 40%.
Does OKE have weekly options?
OKE offers weekly options.
What is OKE's options trading profile?
OKE (ONEOK Inc.) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 18% - 40% range. The position sits in the Energy category for portfolio diversification and options strategy design.
How does OKE implied volatility behave around earnings?
IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.
What options strategies work well on OKE?
Popular strategies on OKE options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 18% - 40% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.
What is OKE's gamma exposure (GEX)?
Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence OKE's intraday price action. OKE tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live OKE GEX levels and the gamma-flip point on ApexVol.
What is OKE's IV rank?
OKE's IV rank shows where OKE's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. OKE implied volatility typically ranges from 18% - 40%. Check OKE's live IV rank and percentile on ApexVol's IV analytics.
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