Jun. 21 at 11:11 AM
$VRNS saw some interesting action this week
Options volume spiked to around 653 times the norm, all in calls, with no puts in sight
That’s about
$225K in premium showing some unusual upside interest
But price stayed flat over the past 5 days and there were no real catalysts
Feels like early positioning that’s waiting for confirmation
The big move was a 250-contract Dec 18 26
$35 call sweep that hit the ask on 6/12
That’s a
$155K bet, 4% out of the money, from what looks like one player
It’s a line in the sand but without more, it’s hard to see a strong bullish case just yet
