Varonis Systems Inc. (VRNS)

VRNS trades at $58.1, 5.6% above the near-term max pain of $55 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($30-$95), signaling increased put positioning or downside protection. Key magnetic zone at 55 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 30, indicating bearish sentiment or hedging activity. The 122% spread signals divergent expectations across timeframes. Most levels below 58.1 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.