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Potential Varonis Systems Inc (VRNS) Trade Has 8.45% Downside Protection

Feb 09, 2018 (Marketintelligencecenter.com via COMTEX) --

A covered call identified by MarketIntelligececenter.com's patented algorithm on Varonis Systems Inc (<a href="http://www.marketintelligencecenter.com/symbol/VRNS">VRNS</a>) could yield about 4.93% (51.43% annualized, for comparison purposes only) in 35 days. Pair a long position in the stock with the Mar 16, 2018 $50 call for a net debit of about $47.64. This position also has 8.45% downside protection. Varonis Systems Inc closed at $52.04 Feb 8, 2018. Technical indicators for VRNS are bearish and support and resistance have been about $50.45 and $55.15, respectively.A

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