Unpacking the Latest Options Trading Trends in Okta

Financial giants have made a conspicuous bearish move on Okta. Our analysis of options history for Okta OKTA revealed 10 unusual trades.

Delving into the details, we found 10% of traders were bullish, while 80% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $282,815, and 3 were calls, valued at $101,771.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $95.0 to $130.0 for Okta during the past quarter.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Okta's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Okta's whale trades within a strike price range from $95.0 to $130.0 in the last 30 days.

Okta Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
OKTA PUT SWEEP BULLISH 01/17/25 $32.15 $32.1 $32.1 $120.00 $80.2K 597 34
OKTA PUT TRADE NEUTRAL 01/17/25 $32.95 $31.75 $32.45 $120.00 $35.6K 597 23
OKTA PUT TRADE BEARISH 01/17/25 $32.35 $32.2 $32.35 $120.00 $35.5K 597 12
OKTA PUT TRADE BEARISH 01/17/25 $32.0 $31.25 $32.0 $120.00 $35.2K 597 59
OKTA PUT TRADE BEARISH 01/17/25 $31.95 $31.25 $31.95 $120.00 $35.1K 597 70

About Okta

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.

In light of the recent options history for Okta, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Okta

  • With a trading volume of 822,742, the price of OKTA is down by -1.13%, reaching $88.28.
  • Current RSI values indicate that the stock is may be oversold.
  • Next earnings report is scheduled for 76 days from now.

What The Experts Say On Okta

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $112.4.

  • An analyst from BMO Capital has decided to maintain their Market Perform rating on Okta, which currently sits at a price target of $100.
  • An analyst from Evercore ISI Group has elevated its stance to Outperform, setting a new price target at $122.
  • Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Okta with a target price of $110.
  • Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Okta, targeting a price of $120.
  • An analyst from Mizuho has decided to maintain their Neutral rating on Okta, which currently sits at a price target of $110.

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.

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Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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