Stock Ratings / Technology / VREX / options

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Varex Imaging Corporation (VREX) Options Positioning, Max Pain & Unusual Sweeps

$18.44 -0.05% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $18.40

Varex Imaging Corporation (VREX) carries a Roarable Rating of D+ (Sell) with 52/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record: Scores of 52/100 (D+) historically posted market-perform odds over rolling 90-day windows (-1.1% avg 90D alpha vs SPY) →

ROARABLE D+ • SELL / AVOID Cap $776.3M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $18.40 (-0.20%)🧬 Disciplined Float (-0.12% YoY Shares)⚙️ Cash Engine: 10/20 (D) • 2.2% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 52/100 (D+) historically posted market-perform odds over rolling 90-day windows (-1.1% avg 90D alpha vs SPY • 50.1% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D+

2-of-3 JEV AI Jury Bearish Warning

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE-2.7% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for VREX)Realized 20D OHLCV Swing Band: ±1.8%

Deterministic 5-Pillar Attribution (52/100 Composite)

🔍 WHY VREX SCORES 52/100 (D+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Macro Regime Fit+13/20 pts (25% of score)

FRED Regime × Technicals: 98% of 52W Range • RSI-14 at 59.7 (BULLISH MOMENTUM)

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+12/20 pts (23% of score)

Altman Z-Score 1.96 (WATCH ZONE (1.8–3.0)) • Piotroski F-Score 7/9

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution8/20 pts (-12 pt drag)

Disciplined Float (-0.12% YoY Shares) & executive Form 4 sales trim 12 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$18.46-0.3% Next Q

Q2 (-2Q)

Grade C$18.41+0.1% Next Q

Q3 (-1Q)

Grade C$18.42+0.1% Next Q

Current

Grade D+$18.44-1.1% Hist 90D α

Trajectory: C (60) → D+ (52)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a VREX Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While VREX currently carries a cautious 52/100 (D+) rating due to Insider Conviction & Share Dilution (8/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Technology with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($18.46) and Max Pain ($19.36) forces dealer call-delta covering toward $21.17.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (-0.12% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $VREX• $4.8M Crowd Pool • Kalshi / Polymarket Composite

Contract: “VREX Beats Next Quarterly Revenue & EPS Consensus + Hyperscaler AI CapEx Holds Record Pace”

YES 52%NO 48%Trade / Inspect Odds →

CALL VS. PUT WHALE SHARE

— (No Active Options Snapshot)

Put/Call Ratio: — (No Active Options Snapshot)

MAX-PAIN EXPIRATION MAGNET

— (No Active Options Snapshot)

No active options chain max-pain snapshot on file

HISTORICAL 20D VOLATILITY SWING

±1.8%

Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (VREX)

— (No Active Options Snapshot) — No unusual CBOE strike concentration anomalies recorded in the current database snapshot for VREX.

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ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring VREX)

✓Walkthrough of VREX's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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VREX // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +58.28%⚡ TESTING RESISTANCE

2026-10-30O $18.44H $18.47L $18.42C $18.44VOL 460.7K

RES: $18.50SUP: $18.32SMA50: $18.46SMA200: $13.60

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

VREX Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 VREX Butterfly Map → + Track VREX →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. +4.1% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on VREX today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for VREX. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for VREX today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (VREX)

Technology Rank #377 of 714 ⚔️ NANO vs VREX Full Matrix →

1. Head-to-Head Technology Peer Comparison (VREX vs. NANO, CRCT, ERII, AZTA)

Industry: Industrial Machinery/Components (208 Tracked Issuers)

Across 714 tracked Technology securities in the Roarable RQD universe, Varex Imaging Corporation (VREX) ranks #377 by composite RQD confidence (52/100, grade D+) and #377 by equity capitalization ($776.3M). Within this direct 5-issuer industry benchmark cohort, ERII leads on earnings valuation at 15.8x trailing P/E, while CRCT leads on capital efficiency and profitability with 85.0% ROIC and 55.1% gross margin. CRCT currently holds the highest overall quantitative score in the immediate peer group at 80/100 (B+) compared with VREX at 52/100 (D+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
VREX ACTIVE Varex Imaging Corporation	D+	52/100	—	34.4%	-3.0%	-0.05%	$776.3M	Benchmark Subject
NANO Forge Nano Holdings Inc.	D+	58/100	—	—	—	-1.42%	$535.2M	/nano-vs-vrex →
CRCT Cricut Inc. (Class A)	B+	80/100	16.9x	55.1%	85.0%	+1.81%	$1.29B	/crct-vs-vrex →
ERII Energy Recovery Inc.	B	72/100	15.8x	65.1%	11.9%	+2.45%	$363.4M	/erii-vs-vrex →
AZTA Azenta Inc.	D	51/100	—	45.5%	-1.5%	+1.58%	$1.81B	/azta-vs-vrex →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-10-03 • CIK 0001681622

In its most recent audited fiscal period (FY2025, filed 2025-10-03), Varex Imaging Corporation (VREX) reported GAAP revenue of $844.6M (+4.1% vs. FY2024 revenue of $811.0M , and -5.5% cumulative change since FY2023) , GAAP net income of -$70.3M, operating cash flow of $41.7M, and free cash flow of $18.8M (-7.8% YoY). On the balance sheet, VREX closed FY2025 with $1.10B in total assets against $366.2M in total debt (Altman Z-Score: 1.96, Piotroski F-Score: 7/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-10-03	$844.6M	-$70.3M	$41.7M	$18.8M	$1.10B	$366.2M
FY2024 (FY)	2024-09-27	$811.0M	-$48.8M	$47.3M	$20.4M	$1.33B	$565.6M
FY2023 (FY)	2023-09-29	$893.4M	$47.4M	$108.4M	$108.4M	—	—

3. VREX Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is VREX stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Varex Imaging Corporation (NASDAQ: VREX) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 52/100 at a spot price of $18.44 (-0.05% 1D, market cap $776.3M). Pillar breakdown: Fundamental Cash Engine 10/20, Institutional 13F & Options Flow 9/20, Executive Insider Alignment 12/20, FRED Macro Regime Fit 13/20, and SEC Balance-Sheet Forensics 8/20. Across 714 tracked Technology issuers, VREX ranks #377 in composite RQD confidence.

How does VREX compare to NANO and CRCT in the Technology sector?

Within the Technology sector (Industrial Machinery/Components), VREX carries a Roarable D+ (52/100 RQD), trailing P/E of N/A, gross margin of 34.4%, and ROIC of -3.0%. By comparison, NANO (Forge Nano Holdings Inc.) holds a D+ grade (58/100 RQD, P/E N/A, ROIC —, cap $535.2M) and CRCT (Cricut Inc. (Class A)) posts a B+ grade (80/100 RQD, P/E 16.9x, ROIC 85.0%, cap $1.29B). Among the 5-stock peer group, ERII leads on earnings multiple (15.8x) while CRCT leads on capital efficiency (85.0% ROIC).

What are the biggest fundamental strengths and SEC risk factors for VREX?

Per VREX's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-10-03, CIK 0001681622), Varex Imaging Corporation generated $844.6M in revenue (+4.1% YoY), -$70.3M in net income, and $18.8M in free cash flow against $1.10B in total assets and $366.2M in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is VREX trading relative to its 50-day, 200-day, and 52-week technical levels?

VREX last traded at $18.44 (-0.05% on volume of 1,043,534 shares), positioning the stock -0.11% below its 50-day simple moving average ($18.46) and +35.59% above its 200-day simple moving average ($13.60). Across its 52-week range of $9.09 to $18.63, VREX sits at the 98.0% percentile with a 14-day RSI of 59.7 (BULLISH MOMENTUM) and an implied next-earnings move of ±1.8% ($18.11 to $18.77).

VREX Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

What is VREX's options positioning and volatility profile?

Roarable tracks verified CBOE unusual options sweeps, put/call ratios, and OHLCV realized volatility bands for VREX.

Direct Sub-Reports: VREX RQD Cockpit VREX 12M Forecast VREX Earnings & Move VREX Dividends & DRIP VREX Insiders & 13F VREX Whale Options VREX Profit Sankey VREX News & Why