Quantchabot has detected a new Bull Call Spread trade opportunity for OKTA INC. CL A COMMON STOCK (OKTA) for the 29-May-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
OKTA was recently trading at $72.36 and has an implied volatility of 65.63% for this period. Based on an analysis of the options available for OKTA expiring on 29-May-2026, there is a 34.18% likelihood that the underlying will close within the analyzed range of $72.69-$91.20 at expiration. In this scenario, the average linear return for the trade would be 11.91%.
Big 7.44% Change: After closing the last trading session at $67.35, OKTA INC. CL A COMMON STOCK opened today at $71.10 and has reached a high of $72.90.
Trade approach: A movement as big as 7.44% is a significantly bullish indicator, so this trade is designed to be profitable if OKTA maintains its current direction and does not revert back to pricing on the bearish side of $72.36 on 29-May-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if OKTA INC. CL A COMMON STOCK closes at or above $68.95 on 29-May-2026. Based on our risk-neutral analysis, there is a 59.21% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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