Bearish flow noted in Okta with 3,902 puts trading, or 1.7x expected. Most active are Aug-23 50 puts and May-23 55 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 1.79, while ATM IV is up over 1 point on the day. Earnings are expected on March 1st.
Published first on TheFly
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