August 03, 2022

Intraday Update: OKTA

OKTA is up ~7 quickly this morning to hit the initial target for the short-term Aug12 strangle. The plan will be to close the current Aug12 $103 - $108 call spread and roll up to a tighter Aug12 $105 - $108 call spread. The next target will be 107+ and we will leave the bear portion of the strangle open for now.

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