Smart Money Is Betting Big In OKTA Options
Portfolio Pulse from Benzinga Insights
Smart money investors have shown a significant interest in Okta (NASDAQ:OKTA) options, with a bearish stance overall. Benzinga's options scanner revealed 19 trades, indicating a split sentiment with 42% bullish and 57% bearish. The trades target a price range of $75.0 to $125.0 for Okta. The largest trades include both bullish calls and a bearish put, with notable volumes and open interests. Okta, a cloud-native security company, has seen its stock price increase by 1.56%, with an upcoming earnings announcement in 19 days.
February 09, 2024 | 6:45 pm
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Significant options activity on OKTA with a bearish lean, despite a recent stock price increase. Earnings announcement expected soon.
The bearish stance by smart money, despite a recent price increase, suggests anticipation of negative news or underperformance, potentially impacting the stock price negatively in the short term. The upcoming earnings announcement adds to the potential for volatility.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100