High-rolling investors have positioned themselves bearish on Elastic ESTC, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ESTC often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 14 options trades for Elastic. This is not a typical pattern.
The sentiment among these major traders is split, with 28% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $26,500, and 13 calls, totaling $562,266.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $140.0 for Elastic over the recent three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Elastic's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Elastic's significant trades, within a strike price range of $80.0 to $140.0, over the past month.
Elastic Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ESTC | CALL | SWEEP | NEUTRAL | 01/16/26 | $20.1 | $19.4 | $19.4 | $120.00 | $87.1K | 198 | 45 |
| ESTC | CALL | TRADE | NEUTRAL | 01/16/26 | $20.7 | $19.4 | $20.0 | $120.00 | $86.0K | 198 | 88 |
| ESTC | CALL | SWEEP | BULLISH | 02/21/25 | $4.2 | $3.5 | $4.2 | $115.00 | $64.8K | 861 | 231 |
| ESTC | CALL | TRADE | BEARISH | 05/16/25 | $37.7 | $35.4 | $36.14 | $80.00 | $36.1K | 81 | 21 |
| ESTC | CALL | TRADE | BEARISH | 05/16/25 | $37.4 | $36.0 | $36.01 | $80.00 | $36.0K | 81 | 41 |
About Elastic
Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.
Having examined the options trading patterns of Elastic, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Elastic
- Trading volume stands at 812,729, with ESTC's price up by 0.09%, positioned at $105.01.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 30 days.
What The Experts Say On Elastic
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $117.5.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for Elastic, targeting a price of $127. * In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Neutral, setting a price target of $108.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Elastic, Benzinga Pro gives you real-time options trades alerts.
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