Elastic N.V. (ESTC)
Elastic Max Pain By Strike
ESTC trades at $86.72, 8.4% above the near-term max pain of $80 expiring Sep 19, 2025 (13 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($75-$95), signaling increased put positioning or downside protection. Key magnetic zone at 80 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 75, indicating bearish sentiment or hedging activity. The 24% spread signals divergent expectations across timeframes. Most levels below 86.72 may cap rallies. Strong magnetic level at 80 (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 | 80 | -6.72 (-7.75%) |
| Oct 17, 2025 | 80 | -6.72 (-7.75%) |
| Nov 21, 2025 | 80 | -6.72 (-7.75%) |
| Dec 19, 2025 | 85 | -1.72 (-1.98%) |
| Jan 16, 2026 | 85 | -1.72 (-1.98%) |
| Feb 20, 2026 | 75 | -11.72 (-13.51%) |
| Mar 20, 2026 | 90 | 3.28 (3.78%) |
| Jan 15, 2027 | 95 | 8.28 (9.55%) |
| Dec 17, 2027 | 75 | -11.72 (-13.51%) |