8/28/25 :: VROCKSTAR :: 
OKTA
Post mortem
- solid 2q beat w enterprise traction and pipeline is a thumbs up
- their go to mkt and the panw m&a in the last q def don't help the market's ability to trade this cleanly
- AI not yet pushing the story and i suspect this takes a bit longer (generally not company specific) but will be great tailwinds esp on mgn
- that being said, of all my oppties in the tape today (where there are few if i'm being honest that are "obvious" - not many at all), this is defn not super clean
- so if it just works from here, god bless
- stock is objectively a LT buy, IMHO here
- but i'd think it becomes more obvious if we get a dip in mkt beta and sends this in the low 80s, that's where i can look for a longer term parking spot and not have to babysit. i don't like babysitting.
- rn i'm just buying
OBTC and hedging that spread w/ ibit puts. seems like a fairly clean way to capture 15% by year-end
- gl to all
V
OKTAPost mortem
- solid 2q beat w enterprise traction and pipeline is a thumbs up
- their go to mkt and the panw m&a in the last q def don't help the market's ability to trade this cleanly
- AI not yet pushing the story and i suspect this takes a bit longer (generally not company specific) but will be great tailwinds esp on mgn
- that being said, of all my oppties in the tape today (where there are few if i'm being honest that are "obvious" - not many at all), this is defn not super clean
- so if it just works from here, god bless
- stock is objectively a LT buy, IMHO here
- but i'd think it becomes more obvious if we get a dip in mkt beta and sends this in the low 80s, that's where i can look for a longer term parking spot and not have to babysit. i don't like babysitting.
- rn i'm just buying
OBTC and hedging that spread w/ ibit puts. seems like a fairly clean way to capture 15% by year-end- gl to all
V
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.