Elastic N.V. (ESTC)
Elastic Max Pain By Strike
ESTC trades at $77.67, 3.6% above the near-term max pain of $75 expiring Sep 19, 2025 (31 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($60-$95), signaling increased put positioning or downside protection. Key magnetic zone at 75 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Elastic Max Pain By Expiry
Max pain for ESTC shows a downward trend from 95 to 60, indicating bearish sentiment or hedging activity. The 45% spread signals divergent expectations across timeframes. Levels distributed around 77.67. Strong magnetic level at 75 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 75 | -2.67 (-3.44%) |
| Oct 17, 2025 | 60 | -17.67 (-22.75%) |
| Nov 21, 2025 | 75 | -2.67 (-3.44%) |
| Dec 19, 2025 | 85 | 7.33 (9.44%) |
| Jan 16, 2026 | 85 | 7.33 (9.44%) |
| Feb 20, 2026 | 65 | -12.67 (-16.31%) |
| Mar 20, 2026 | 90 | 12.33 (15.87%) |
| Jan 15, 2027 | 95 | 17.33 (22.31%) |
| Dec 17, 2027 | 75 | -2.67 (-3.44%) |