If you haven`t sold OKTA when Losses Exceeding Expectations:
Then analyzing the options chain and the chart patterns of OKTA prior to the earnings report this week, I would consider purchasing the 72usd strike price Calls with an expiration date of 2023-9-1, for a premium of approximately $4.55. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
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OKTA traded at $86.65 after earnings, and the calls went up from $4.55 (when I wrote this article) to $14.70 intraday, for an impressive 3.15X gain!