Ticker Options Intelligence

OKTA options intelligence

Okta Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 44 Market data through 11 Aug 2026 Checked 12 Aug 2026 11:40 · complete available chain

Put-side pressure

Bearish pressure

OKTA currently carries bearish options pressure with a 44/100 conviction score. The nearest-chain expected move is 4.5%, with volume/open-interest participation at 0.03.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Bearish

Put-side pressure

Expected move 4.5%

Near-term move context

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 1.77

Put-side skew

Trend fit 62

Options agree with trend context

Weekly backdrop +4.5%

RS 38.0

Expected move 4.5%
Put-call volume 1.77
Volume / OI 0.03
Reference IV 0.58
Max pain 141.00
Underlying 148.32
Nearest expiry 14 Aug 2026
Contracts 1574

Research Brief

OKTA has a bearish chain read with 44/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 141.71–154.93; The largest call open-interest concentration is 162.50; the largest put concentration is 135.00. The most active strike by current volume is 175.00.

Priced range141.71–154.93
Call concentration162.50
Put concentration135.00
Max pain reference141.00
What would confirm it
  • Price remains weak while put-side concentration persists.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 14 Aug

Options imply 141.71 to 154.93. Max pain at 141.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
141.71148.32 ± 6.61154.93
Confirmation level

A close beyond 154.93 or below 141.71 at the 14 Aug expiry would exceed the move currently priced by this chain.

Important limitation

The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.

Score Construction

Why conviction is 44/100

Evidence alignment, not probability

Pressure is 31/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure31 × 42%
+13.0

How strongly activity leans toward calls or puts.

Participation41 × 22%
+8.9

Volume relative to existing open interest and contract-level activity.

Trend agreement62 × 26%
+16.0

How closely the chain read agrees with the underlying trend backdrop.

Volatility58 × 10%
+5.8

The intensity of implied volatility and the priced move.

Reconstructed score43.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 162.50; the largest put concentration is 135.00. The most active strike by current volume is 175.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
330
75.00-49.4%
0
247
80.00-46.1%
0
318
105.00-29.2%
1
231
107.00-27.9%
0
409
133.00-10.3%
14
434
135.00-9.0%
6
86
138.00-7.0%
142
236
139.00-6.3%
4
332
141.00-4.9%
393
21
152.502.8%
167
4
155.004.5%
230
5
157.506.2%
207
0
160.007.9%
326
0
162.509.6%
501
0
165.0011.2%
461
0
170.0014.6%
359
0
175.0018.0%
167
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported + model-estimated Greeks · 98% coverage

Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.

Net profile+$5.9MDelta change / 1% move
Positive peak150.00+$1.2M
Negative peak75.00-$156,266
Nearest balance148.01Interpolated sign change
StrikeNegativePositiveNet / 1% move
135.00-9.0%
+$238,805
136.00-8.3%
-$52,741
137.00-7.6%
-$14,878
138.00-7.0%
-$10,623
139.00-6.3%
-$106,279
140.00-5.6%
+$231,557
141.00-4.9%
+$31,697
142.00-4.3%
+$11,293
143.00-3.6%
-$33,825
144.00-2.9%
-$62,745
145.00-2.2%
+$278,648
146.00-1.6%
-$47,160
147.00-0.9%
-$5,659
148.00-0.2%
-$2,150
149.000.5%
+$181,201
150.001.1%
+$1.2M
152.502.8%
+$180,431
155.004.5%
+$469,563
157.506.2%
+$253,092
160.007.9%
+$895,577
162.509.6%
+$216,774
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike

Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.

Volatility Curve

Balanced volatility curve

0.89× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.58 14 Aug 3d
0.52 21 Aug 10d
0.88 28 Aug 17d
0.80 4 Sep 24d
0.74 11 Sep 31d
0.71 18 Sep 38d
0.69 25 Sep 45d
0.62 20 Nov 101d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

119
121
123
125
127
129
131
133
135
137
139
142
144
146
148
150
155
160
165
170
175
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

7 matured · 3 directional

Across 3 stored directional transitions, the next stored price moved in the labelled direction 0% of the time.

Directional follow-through0%
Moves contained by pricing71%
Average expiry move4.2%
7 Aug Bearish · 43 4.5% through expiry 4.5% priced · v2.0
6 Aug Bearish · 45 4.5% through expiry 3.0% priced · v2.0
5 Aug Mixed · 41 4.5% through expiry 5.1% priced · v2.0
4 Aug Mixed · 42 4.5% through expiry 6.4% priced · v2.0
3 Aug Volatility · 47 4.5% through expiry 5.9% priced · v2.0
31 Jul Mixed · 41 4.5% through expiry 6.6% priced · v2.0
30 Jul Bearish · 47 2.5% through expiry 3.1% priced · v2.0

Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.

Evidence Quality

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
11 Aug 2026
Calculation
v2.0
Contracts
1574 / 1574
  • No material coverage gap was detected in the retained chain.

Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.

Options Intent Radar

Earnings/event positioning

80/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Bearish flow against rising price

Put-side pressure is building while price is rising, a cautionary divergence.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $2.3M of estimated gross traded notional, calls · 91+ days · itm, and a bearish flow against rising price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-31
1W price+4.5%
Call premium70%
Put premium30%
Notional split C 70% / P 30% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 62/100 Agreement between options pressure and Sharemaestro market context.
Event window 26 Aug Matched earnings event is 13 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 150 contracts traded, $668,945 estimated gross traded notional, and 29% of visible notional.
$668,945
Puts · 91+ days · OTM puts cluster with 314 contracts traded, $294,402 estimated gross traded notional, and 13% of visible notional.
$294,402
Calls · 91+ days · OTM calls cluster with 142 contracts traded, $226,014 estimated gross traded notional, and 10% of visible notional.
$226,014
Calls · 22-45 days · ITM calls cluster with 48 contracts traded, $167,338 estimated gross traded notional, and 7% of visible notional.
$167,338
Puts · 22-45 days · OTM puts cluster with 690 contracts traded, $122,608 estimated gross traded notional, and 5% of visible notional.
$122,608

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Activity Anomaly

Quiet tape

7

Activity is muted versus this ticker's stored history.

Baseline: 10 completed sessions

Volume rank10th
Volume/OI rank10th
IV rank0th

Market Context

Underlying confirmation

Sharemaestro weekly
Close148.32
1W+4.5%
RS38.0
Fair value+62.1%
Options pressure-31
Speculation41
Volatility58
Trend fit62

Today Versus Normal

Stored-options context

View history
Expected move 4.5% muted
30d avg 5.0% · 10 sessions 20th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
IV 0.58 muted
30d avg 0.69 · 10 sessions 0th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Put-call 1.77 near normal
30d avg 1.77 · 10 sessions 60th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Volume/OI 0.03 muted
30d avg 0.04 · 10 sessions 10th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:21 Bearish
Pressure -31
Move 5.2%
30 Jul 10:15 Volatility
Pressure -44
Move 4.7%
31 Jul 07:06 Bearish
Pressure -52
Move 3.1%
31 Jul 17:26 Bearish
Pressure -36
Move 2.0%
31 Jul 23:47 Bearish
Pressure -32
Move 2.8%
3 Aug 01:53 Mixed
Pressure -10
Move 6.6%
4 Aug 10:10 Volatility
Pressure -42
Move 5.9%
5 Aug 03:49 Mixed
Pressure -11
Move 6.4%

Strike Map

Where activity is clustering

Full strike map
Strike70.00
Calls · V 2 · OI 1
Puts · V 1 · OI 168
Strike75.00
Calls · V 2 · OI 0
Puts · V 1 · OI 330
Strike80.00
Calls · V 0 · OI 0
Puts · V 1 · OI 247
Strike85.00
Calls · V 0 · OI 1
Puts · V 1 · OI 86
Strike90.00
Calls · V 0 · OI 0
Puts · V 1 · OI 145
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 40
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 21
Strike105.00
Calls · V 2 · OI 1
Puts · V 0 · OI 318

Term Structure

Expiration activity

Volume and IV
Expiry14 Aug 2026
Contracts144
Avg IV0.58
Put-call0.31
Expiry21 Aug 2026
Contracts152
Avg IV0.52
Put-call3.19
Expiry28 Aug 2026
Contracts112
Avg IV0.88
Put-call1.91
Expiry4 Sep 2026
Contracts104
Avg IV0.80
Put-call40.63
Expiry11 Sep 2026
Contracts104
Avg IV0.74
Put-call14.10

Skew

Call/put IV balance

OTM demand
14 Aug 2026Balanced skew
Call IV0.57
Put IV0.59
Skew0.02
21 Aug 2026Balanced skew
Call IV0.53
Put IV0.53
Skew-
28 Aug 2026Balanced skew
Call IV0.88
Put IV0.88
Skew-
4 Sep 2026Balanced skew
Call IV0.81
Put IV0.80
Skew-0.01
11 Sep 2026Balanced skew
Call IV0.75
Put IV0.74
Skew-0.01

Contract Tape

Most active contracts

Full contract tape
ContractOKTA260821P00085000
SidePut
Expiry21 Aug 2026
Strike85.00
Volume334
OI379
IV1.50
ContractOKTA260821P00035000
SidePut
Expiry21 Aug 2026
Strike35.00
Volume314
OI190
IV2.87
ContractOKTA270115P00120000
SidePut
Expiry15 Jan 2027
Strike120.00
Volume255
OI309
IV0.65
ContractOKTA260821C00230000
SideCall
Expiry21 Aug 2026
Strike230.00
Volume222
OI20
IV0.85
ContractOKTA260821P00143000
SidePut
Expiry21 Aug 2026
Strike143.00
Volume185
OI16
IV0.53
ContractOKTA260904P00105000
SidePut
Expiry4 Sep 2026
Strike105.00
Volume179
OI7
IV0.88
ContractOKTA260821P00100000
SidePut
Expiry21 Aug 2026
Strike100.00
Volume170
OI602
IV1.09
ContractOKTA260814C00175000
SideCall
Expiry14 Aug 2026
Strike175.00
Volume150
OI167
IV0.84

Research Graph

Related research and context

Ticker deep links

Evidence context