Varonis Systems Inc. (VRNS)

VRNS trades at $58.25, 29.4% above the near-term max pain of $45 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($40-$95), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for VRNS shows a downward trend from 95 to 40, indicating bearish sentiment or hedging activity. The 93% spread signals divergent expectations across timeframes. Levels distributed around 58.25. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.