August 05, 2022

Intraday Update: OKTA

OKTA was a short-term sympathy play on DDOG and NET earnings this week, and after the former got hit, the latter has given a big boost to the sector following a strong report. OKTA is trading above 105 in morning action and the Aug12 $105 - $108 call spread roll up has moved into the money, so we will be closing the remainder of the position to lock in the gains. The Aug12 $94 - $89 put spread will also be closed today.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication