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Potential Varonis Systems Inc (VRNS) Trade Has 12.08% Downside Protection

Mar 08, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Varonis Systems Inc (<a href="">VRNS</a>). Look at the Jun 15, 2018 $55 covered call for a net debit in the $51.64 area.<br /> <br /> This trade has a duration of 99 days. The break-even point of this trade is the same as the net debit, which gives this trade 12.08% downside protection. If the stock closes at or above $55 at expiration this trade will return 6.48% or 23.91% (for comparison purposes only). <br /> <br /> VRNS closed Mar 7, 2018's trading session at $58.75. In the past year, the stock has hit a 52-week low of $26.35 and 52-week high of $59.55. Varonis Systems Inc stock has been showing support around $57.29 and resistance in the $60.28 range. Recent technical indicators for the stock are bearish.

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