Market Whales and Their Recent Bets on OKTA Options
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a bearish sentiment among large investors towards Okta (NASDAQ:OKTA). Benzinga's options scanner identified 10 significant options trades, with 80% being bearish. The stock is currently trading at $87.75, down by 2.26%, and analysts have mixed ratings with an average target price of $115.0.
June 18, 2024 | 7:31 pm
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Recent options trading activity shows a bearish sentiment among large investors towards Okta, with 80% of trades being bearish. The stock is currently down by 2.26% at $87.75. Analysts have mixed ratings with an average target price of $115.0.
The significant bearish sentiment among large investors, as indicated by the options trading activity, suggests a potential short-term decline in Okta's stock price. The mixed analyst ratings and the current price drop further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100