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Okta Inc Class A (OKTA) Trading Near $27.49 Support Level

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Okta Inc Class A (<a href="http://www.marketintelligencecenter.com/symbol/OKTA">OKTA</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Aug 17, 2018 $25 covered call for a net debit in the $22.65 area. That is also the break-even stock price for the covered call. This trade will return 10.32%, or 19.94% annualized (for comparison purposes only), in 189 days. This covered call also provides 20.65% 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 $27.49 and resistance in the $30.25 range. The stock closed Feb 8, 2018's trading session at $28.55.A

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