Okta (OKTA) shares are consolidating below $265 and the top of monthly value with a large rising channel forming off the March 2021 lows. Shares are in a big consolidation under $280 after running strong since 2018 and a breakout extends the bull trend. OKTA has seen bullish flow into the November, December, February and May options. On 11/2 and 11/3, the December $280 calls were bought in size with over 3900 in open interest.

Trade to Consider: Long the OKTA December $280/$300 Call Spread for $4 Debit