By Dan Darrow

October 07, 2022

Intraday Update: OKTA

OKTA was hit with an unexpected downgrade yesterday, putting it in an important spot heading into today's session. Unfortunately, the market-wide drop following the jobs report has knocked OKTA below key moving average support, and it is hitting the tight 55.50 stop level for the Oct28 $62 - $67 call spread. The position needs to be closed before a deeper pullback can develop.

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