Quantchabot has detected a new Bear Call Spread trade opportunity for ELASTIC NV (ESTC) for the 21-Aug-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
ESTC was recently trading at $54.25 and has an implied volatility of 60.72% for this period. Based on an analysis of the options available for ESTC expiring on 21-Aug-2026, there is a 34.17% likelihood that the underlying will close within the analyzed range of $42.87-$54.57 at expiration. In this scenario, the average linear return for the trade would be 22.78%.
Big -7.60% Change: After closing the last trading session at $58.71, ELASTIC NV opened today at $56.70 and has reached a low of $53.04.
Trade approach: A movement as big as -7.60% is a significantly bearish indicator, so this trade is designed to be profitable if ESTC maintains its current direction and does not revert back to pricing on the bullish side of $54.25 on 21-Aug-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bearish strategy, the trade would be profitable if ELASTIC NV closes at or below $54.70 on 21-Aug-2026. Based on our risk-neutral analysis, there is a 50.39% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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