This page reflects URGN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Aug 18, 2026 close
Max Pain — URGN
Data as of market close Aug 18, 2026
Nearest listed expiration 2026-08-21 shows max pain at $20.00 (28.92 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$20.00
Nearest expiry
Expected Move
±$2.08
±4.2%
Days to Expiry
3
Calendar days
Total Call OI
2,394
Nearest expiry
Total Put OI
611
Nearest expiry
P/C OI Ratio
0.26
Put-heavy
Spot Price
$48.92
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-08-21
Expiration
Max Pain Strike
Last Updated
2026-06-18
$26.00
6/18/2026, 11:35:49 PM
2026-07-17
$30.00
7/17/2026, 11:33:58 PM
2026-08-21NextUpdated
$20.00
8/18/2026, 11:34:31 PM
2026-09-18
$46.00
8/18/2026, 11:34:31 PM
2026-11-20
$25.00
8/18/2026, 11:34:31 PM
2027-01-15
$25.00
8/18/2026, 11:34:31 PM
2027-02-19
$33.00
8/18/2026, 11:34:31 PM
Selected expiration: 2026-08-21 at max pain $20.00.
URGN pain by strike for 2026-08-21 expiration
Strike
Call Pain
Put Pain
Total Pain
5
0
1205700
1205700
10
0
900700
900700
13
0
717700
717700
15
200
595700
595900
16
6200
545500
551700
17
12200
496600
508800
18
18200
451500
469700
19
24200
427200
451400
20
30200
403200
433400
21
76400
379400
455800
22
122600
355600
478200
23
169300
331900
501200
24
216000
308400
524400
25
262700
284900
547600
26
311000
261400
572400
27
359400
237900
597300
28
408100
215000
623100
29
459100
192300
651400
30
510100
169700
679800
31
594500
150300
744800
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.