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Okta put volume heavy and directionally bearish

Bearish flow noted in Okta (OKTA) with 7,782 puts trading, or 1.8x expected. Most active are 3/14 weekly 105 puts and Apr-25 97.5 puts, with total volume in those strikes near 1,600 contracts. The Put/Call Ratio is 2.59, while ATM IV is up nearly 4 points on the day. Earnings are expected on May 28th.

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