Option trade on a recent stock trade

Exactly one week ago we entered into a stock trade on Okta (OKTA), and bought shares around $48.  The stock has moved $6 higher, and we'd like to buy shares on another dip if it comes.  We are selling the Jan 2023 $40 Puts on OKTA for $1.93. This is a low risk trade as we'd like to own the stock at a lower price should it drop to that level.  If not, we'll pocket the $193 in premium and look for other trades.  Another trade for this stock is to buy long-dated calls out of the money betting on a recovery in Okta.