Mar. 26 at 3:37 PM
$ESTC showing some serious action today
We're seeing about 6.3 times the usual options activity with
$1.53M in call premium flowing in
Big players are loading up on those Nov 2026
$65 and Jun 2027
$85 calls
Looks like they're betting on a longer-term bounce
After a rough 4.3% slide to a year low, even with an earnings beat and solid Security/XDR news, ESTC is bouncing back 3.5% today
This dip-buying off a catalyst-driven low has my attention
With the 5-day trend still down, I'm thinking tactical swings are the move here
Keep it tight with risk controls
This could be early accumulation but it's worth watching