Elastic N.V. (ESTC)
Elastic Max Pain By Strike
ESTC trades at $77.46, 3.3% above the near-term max pain of $75 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($40-$95), signaling increased put positioning or downside protection. Key magnetic zone at 75 where 5 expirations converge.
Elastic Max Pain By Expiry
Max pain for ESTC shows a downward trend from 95 to 40, indicating bearish sentiment or hedging activity. The 71% spread signals divergent expectations across timeframes. Levels distributed around 77.46. Strong magnetic level at 75 (5 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 |
|---|---|---|
| Aug 15, 2025 | 75 | -2.46 (-3.18%) |
| Sep 19, 2025 | 75 | -2.46 (-3.18%) |
| Oct 17, 2025 | 40 | -37.46 (-48.36%) |
| Nov 21, 2025 | 75 | -2.46 (-3.18%) |
| Dec 19, 2025 | 85 | 7.54 (9.73%) |
| Jan 16, 2026 | 85 | 7.54 (9.73%) |
| Feb 20, 2026 | 75 | -2.46 (-3.18%) |
| Mar 20, 2026 | 90 | 12.54 (16.19%) |
| Jan 15, 2027 | 95 | 17.54 (22.64%) |
| Dec 17, 2027 | 75 | -2.46 (-3.18%) |