Investors Flock to ONEOK Call Options

Trading volume for ONEOK call options surges 233% in one day

Published on Feb. 19, 2026

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ONEOK, Inc. (NYSE:OKE), a midstream energy company based in Tulsa, Oklahoma, saw a significant increase in call option trading activity on Tuesday. Investors bought 20,939 call options on ONEOK stock, a 233% jump from the typical daily volume of 6,282 call options.

Why it matters

The surge in call option trading suggests investors are bullish on ONEOK's future performance and expect the stock price to rise. This could signal increased confidence in the company's growth prospects and the broader energy sector.

The details

ONEOK operates a portfolio of natural gas and natural gas liquids pipelines, processing facilities, fractionators, and storage and terminal assets. The company's stock has seen volatility in recent months, with shares trading between $64.02 and $103.64 over the past year.

  • The unusual options trading activity occurred on Tuesday, February 17, 2026.

The players

ONEOK, Inc.

A publicly traded midstream energy company headquartered in Tulsa, Oklahoma that owns and operates a portfolio of natural gas and natural gas liquids pipelines, processing facilities, fractionators, and storage and terminal assets.

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The takeaway

The surge in call option trading on ONEOK suggests investors are bullish on the company's future prospects, potentially signaling confidence in the broader energy sector's recovery. However, the stock's recent volatility underscores the need for investors to closely monitor market conditions and the company's performance.