This page reflects URGN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
May 20, 2026 close
Max Pain — URGN
Data as of market close May 20, 2026
Nearest listed expiration 2026-06-18 shows max pain at $25.00 (5.22 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$25.00
Nearest expiry
Expected Move
±$6.33
±20.9%
Days to Expiry
29
Calendar days
Total Call OI
1,639
Nearest expiry
Total Put OI
591
Nearest expiry
P/C OI Ratio
0.36
Put-heavy
Spot Price
$30.22
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-06-18
Expiration
Max Pain Strike
Last Updated
2026-04-17
$20.00
4/17/2026, 11:32:38 PM
2026-05-15
$23.00
5/15/2026, 11:44:07 PM
2026-06-18NextUpdated
$25.00
5/20/2026, 11:36:12 PM
2026-08-21
$20.00
5/20/2026, 11:36:12 PM
2026-11-20
$27.00
5/20/2026, 11:36:12 PM
2027-01-15
$25.00
5/20/2026, 11:36:12 PM
Selected expiration: 2026-06-18 at max pain $25.00.
URGN pain by strike for 2026-06-18 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
1118800
1118800
10
500
823800
824300
13
2300
647400
649700
14
2900
588600
591500
15
3500
530100
533600
16
4300
476800
481100
17
5100
423900
429000
19
6700
318300
325000
20
7600
267000
274600
21
11800
218700
230500
22
19800
170500
190300
23
28500
122300
150800
24
41300
86100
127400
25
58900
58600
117500
26
86200
32500
118700
27
116000
17400
133400
28
146000
11600
157600
29
186600
5800
192400
30
231800
0
231800
31
299700
0
299700
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.