By Dan Darrow
September 13, 2022
Intraday Update: BE, OKTA
The selling has not relented since the open, and the indices continue to slide lower after 45 minutes of action. Regarding the two trade ideas from yesterday's letter, we will hold off initiating BE until it resets above 26, and we will move forward with an OKTA bearish trade, though we need to adjust the contracts. The new OKTA trade will be:
- Long OKTA Oct21 $60 - $55 put spread
- The first target is <59. The stop will be a 40-50% net debit loss.
Trader Author Portfolio Holdings
**As of the date and time of publication