Elastic N.V. (ESTC)

ESTC trades at $85.59, pinned near the near-term max pain of $85 expiring Oct 17, 2025 (12 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($55-$95), reflecting growing call interest at higher strikes. Key magnetic zone at 85 where 6 expirations converge.

Max pain for ESTC shows an upward trend from 55 to 95, suggesting bullish positioning in longer-dated options. The 49% spread signals divergent expectations across timeframes. Most levels below 85.59 may cap rallies. Strong magnetic level at 85 (6 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.