Varonis Systems Inc. (VRNS)

VRNS trades at $59.54, 8.3% above the near-term max pain of $55 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($45-$95), signaling increased put positioning or downside protection. Key magnetic zone at 60 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for VRNS shows a downward trend from 95 to 45, indicating bearish sentiment or hedging activity. The 79% spread signals divergent expectations across timeframes. Levels distributed around 59.54. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.