OKTA Options Ahead of Earnings

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 chiuso: obiettivo raggiunto:

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!