Whales with a lot of money to spend have taken a noticeably bullish stance on Okta.
Looking at options history for Okta OKTA we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $131,960 and 5, calls, for a total amount of $409,175.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $90.0 and $115.0 for Okta, spanning the last three months.
Analyzing Volume & Open Interest
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 $90.0 to $115.0 in the last 30 days.
Okta Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OKTA | CALL | SWEEP | BEARISH | 05/16/25 | $3.65 | $3.6 | $3.61 | $115.00 | $108.3K | 3.9K | 585 |
| OKTA | CALL | TRADE | BEARISH | 05/16/25 | $3.65 | $3.55 | $3.55 | $115.00 | $101.1K | 3.9K | 285 |
| OKTA | CALL | SWEEP | BEARISH | 02/14/25 | $0.36 | $0.28 | $0.27 | $103.00 | $100.8K | 1 | 3.6K |
| OKTA | PUT | SWEEP | BULLISH | 01/16/26 | $24.75 | $24.5 | $24.75 | $115.00 | $69.2K | 221 | 28 |
| OKTA | CALL | SWEEP | BULLISH | 05/16/25 | $3.3 | $3.25 | $3.3 | $115.00 | $67.6K | 3.9K | 1.0K |
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.
Present Market Standing of Okta
- With a volume of 1,124,288, the price of OKTA is down -0.17% at $97.31.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 24 days.
Expert Opinions on Okta
In the last month, 3 experts released ratings on this stock with an average target price of $103.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge’s Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
* An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $115.
* Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Okta, targeting a price of $100.
* An analyst from Scotiabank persists with their Sector Perform rating on Okta, maintaining a target price of $94.
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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