Elastic N.V. (ESTC)
NYSE: ESTC
· Real-Time Price · USD
77.31
0.89 (1.16%)
At close: Aug 15, 2025, 3:59 PM
77.26
-0.06%
After-hours: Aug 15, 2025, 04:04 PM EDT
ESTC Delta Exposure By Expiry
The total Delta Exposure (DEX) for ESTC across all expirations shows 29,639.36 net shares that market makers must hedge, with 242,161.06 from calls and 212,521.7 from puts. The put-call delta ratio of 0.88 suggests neutral market maker positioning. The largest delta concentration at Sep 19, 25 with 29,837.63 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
ESTC DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 88,076.25 | -58,238.62 | 29,837.63 | 0.66 |
| Oct 17, 25 | 0 | 0 | 0 | n/a |
| Nov 21, 25 | 26,723.16 | -18,031.05 | 8,692.11 | 0.67 |
| Dec 19, 25 | 18,049.9 | -25,160.63 | -7,110.73 | 1.39 |
| Jan 16, 26 | 65,536.39 | -64,907.56 | 628.83 | 0.99 |
| Feb 20, 26 | 6,802.35 | -988.47 | 5,813.88 | 0.15 |
| Mar 20, 26 | 16,082.13 | -32,070.56 | -15,988.43 | 1.99 |
| Jan 15, 27 | 18,918.45 | -9,654.31 | 9,264.14 | 0.51 |
| Dec 17, 27 | 1,972.43 | -3,470.5 | -1,498.07 | 1.76 |