Elastic N.V. (ESTC)

ESTC trades at $85.97, 7.5% above the near-term max pain of $80 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($55-$95), indicating stable market expectations. Key magnetic zone at 85 where 5 expirations converge.

Max pain for ESTC shows stable levels around 81.50, reflecting balanced market expectations. The 49% spread signals divergent expectations across timeframes. Most levels below 85.97 may cap rallies. Strong magnetic level at 85 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.