This page reflects URGN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Oct 2, 2026 close
Max Pain — URGN
Data as of market close Oct 2, 2026
Nearest listed expiration 2026-10-16 shows max pain at $45.00 (3.60 above spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$45.00
Nearest expiry
Expected Move
±$2.02
±4.9%
Days to Expiry
14
Calendar days
Total Call OI
297
Nearest expiry
Total Put OI
124
Nearest expiry
P/C OI Ratio
0.42
Put-heavy
Spot Price
$41.40
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-10-16
Expiration
Max Pain Strike
Last Updated
2026-08-21
$20.00
8/21/2026, 11:35:57 PM
2026-09-18
$40.00
9/18/2026, 11:33:32 PM
2026-10-16NextUpdated
$45.00
10/2/2026, 11:34:34 PM
2026-11-20
$40.00
10/2/2026, 11:34:34 PM
2027-01-15
$25.00
10/2/2026, 11:34:34 PM
2027-02-19
$35.00
10/2/2026, 11:34:34 PM
Selected expiration: 2026-10-16 at max pain $45.00.
URGN pain by strike for 2026-10-16 expiration
Strike
Call Pain
Put Pain
Total Pain
35
0
114600
114600
40
0
54100
54100
41
1800
43400
45200
42
3600
34300
37900
43
5500
26500
32000
44
9300
18800
28100
45
13700
11200
24900
46
32100
5800
37900
47
50800
2400
53200
48
71700
2100
73800
49
93200
1800
95000
50
115600
1500
117100
55
233100
0
233100
60
380100
0
380100
65
527600
0
527600
How to Read Max Pain
Compare pin-risk and strike-pressure across expirations from the latest published close.
What max pain measures
Max pain is the strike where option holders would collectively lose the most at expiration, based on open interest across the listed chain.
How traders use it
It is most useful as a possible pinning zone, especially when spot is already trading near a crowded strike into expiration.
What can break it
Strong directional flows, news, or fast spot moves can overwhelm any pinning tendency, so max pain should support a thesis rather than drive it alone.
The closer you are to expiration, the more useful this becomes as context and the less useful it is as a standalone prediction.