Deep-pocketed investors have adopted a bearish approach towards Okta OKTA, and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in OKTA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga’s options scanner highlighted 9 extraordinary options activities for Okta. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 44% bearish. Among these notable options, 4 are puts, totaling $147,300, and 5 are calls, amounting to $243,420.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $105.0 to $127.0 for Okta during the past quarter.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Okta’s options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Okta’s significant trades, within a strike price range of $105.0 to $127.0, over the past month.
Okta Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OKTA | CALL | SWEEP | BEARISH | 06/20/25 | $9.4 | $9.3 | $9.3 | $120.00 | $93.0K | 1.5K | 106 |
| OKTA | PUT | SWEEP | BULLISH | 01/16/26 | $20.5 | $19.15 | $19.15 | $125.00 | $51.7K | 204 | 27 |
| OKTA | CALL | SWEEP | BULLISH | 06/20/25 | $18.7 | $18.6 | $18.7 | $105.00 | $46.7K | 1.3K | 25 |
| OKTA | CALL | SWEEP | BULLISH | 06/20/25 | $9.15 | $9.0 | $9.15 | $120.00 | $36.6K | 1.5K | 158 |
| OKTA | PUT | TRADE | BEARISH | 09/19/25 | $13.2 | $12.8 | $13.2 | $120.00 | $35.6K | 571 | 0 |
About Okta
Okta is a cloud-native security company that focuses on identity and access management. The San Francisco-based firm went public in 2017 and focuses on two key client stakeholder groups: workforces and customers. Okta’s workforce offerings enable a company’s employees to securely access its cloud-based and on-premises resources. The firm’s customer offerings allow its clients’ customers to securely access the client’s applications.
In light of the recent options history for Okta, it’s now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Okta
- Currently trading with a volume of 308,627, the OKTA’s price is down by -1.23%, now at $119.27.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 18 days.
Professional Analyst Ratings for Okta
In the last month, 3 experts released ratings on this stock with an average target price of $127.33.
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* An analyst from Roth Capital downgraded its action to Buy with a price target of $119.
* An analyst from Loop Capital downgraded its action to Buy with a price target of $140.
* Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Okta with a target price of $123.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Okta with Benzinga Pro for real-time alerts.
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