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Potential Okta Inc. Class A (OKTA) Trade Could Hit 9.36% Return

Dec 07, 2017 ( via COMTEX) --

For a hedged play on Okta Inc. Class A (<a href="">OKTA</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $25 covered call for a net debit in the $22.85 area. That is also the break-even stock price for the covered call. This trade will return 9.36%, or 21.09% annualized (for comparison purposes only), in 162 days. This covered call also provides 19.67% downside protection. The current 52-week low is $21.52 and the 52-week high is $33.64. Okta Inc. Class A stock has been showing support around $26.57 and resistance in the $29.83 range. The stock closed Dec 6, 2017's trading session at $28.45.A

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