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Financial giants have made a conspicuous bearish move on Okta. Our analysis of options history for Okta (NASDAQ:OKTA) revealed 32 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $140,317, and 29 were calls, valued at $1,618,921.
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $75.0 to $165.0 for Okta during the past quarter.
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Okta's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Okta's substantial trades, within a strike price spectrum from $75.0 to $165.0 over the preceding 30 days.
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
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OKTA | CALL | SWEEP | BEARISH | 05/17/24 | $120.00 | $191.4K | 1.0K | 511 |
OKTA | CALL | TRADE | BULLISH | 03/15/24 | $75.00 | $94.2K | 518 | 48 |
OKTA | CALL | SWEEP | BEARISH | 03/15/24 | $90.00 | $93.3K | 3.8K | 0 |
OKTA | CALL | TRADE | BEARISH | 03/15/24 | $90.00 | $89.4K | 3.8K | 100 |
OKTA | CALL | SWEEP | BULLISH | 03/15/24 | $110.00 | $79.8K | 5.3K | 9.3K |
Okta is a cloud-native security company that focuses on identity and access management. The San Francisco-based firm went public in 2017 and focuses on two key client stakeholder groups: workforces and customers. Okta's workforce offerings enable a company's employees to securely access its cloud-based and on-premises resources. The firm's customer offerings allow its clients' customers to securely access the client's applications.
Having examined the options trading patterns of Okta, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
5 market experts have recently issued ratings for this stock, with a consensus target price of $113.6.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Okta options trades with real-time alerts from Benzinga Pro.
Posted In: OKTA