Core Viewpoint - Okta Inc's stock is experiencing positive momentum ahead of its earnings report, with an upgrade from Truist Securities indicating potential for earnings and revenue growth in the second half of the year [1][2]. Group 1: Stock Performance - Okta's shares rose by 1.7% to $93.62 as investors anticipate the upcoming earnings report [1]. - The stock is on track for its third consecutive weekly gain, maintaining a 17.2% year-to-date increase despite earlier volatility [2]. - The stock has found support at the $90 level after experiencing significant price fluctuations this year [2]. Group 2: Analyst Ratings - Analysts are divided on Okta's performance post-earnings report, with 24 firms maintaining a "buy" or better rating, while 18 firms are more cautious with "hold" or worse ratings [3]. Group 3: Options Trading Activity - Options traders are betting on the stock's underperformance, with a notable increase in put options volume, reaching 4,400 contracts, which is double the usual amount [4]. - The most popular put option is the weekly August 65-strike, indicating a bearish sentiment among traders [4]. Group 4: Long-term Confidence - Despite short-term bearish sentiment, traders show long-term confidence in Okta, as evidenced by a high 50-day call/put volume ratio of 3.97, ranking above 93% of readings from the past year [5].