This Is What Whales Are Betting On Okta

Benzinga's options scanner just detected over 13 options trades for Okta OKTA summing a total amount of $458,390.

At the same time, our algo caught 2 for a total amount of 83,370.

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What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $80.0 for Okta over the last 3 months.

Volume & Open Interest Development

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 $70.0 to $80.0 in the last 30 days.

Okta Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Where Is Okta Standing Right Now?

• With a volume of 1,454,712, the price of OKTA is up 1.72% at $71.74.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 35 days.

What The Experts Say On Okta:

• JMP Securities downgraded its action to Market Outperform with a price target of $110

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for Okta, Benzinga Pro gives you real-time options trades alerts.