This page reflects URGN options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Published Snapshot
Jul 2, 2026 close
Max Pain — URGN
Data as of market close Jul 2, 2026
Nearest listed expiration 2026-07-17 shows max pain at $30.00 (8.02 below spot). Use this page to evaluate pin-risk zones, strike pressure, and open-interest concentration before selecting trade structure.
Max Pain Strike
$30.00
Nearest expiry
Expected Move
±$2.85
±7.5%
Days to Expiry
15
Calendar days
Total Call OI
572
Nearest expiry
Total Put OI
155
Nearest expiry
P/C OI Ratio
0.27
Put-heavy
Spot Price
$38.02
Published close
Consensus
-
Open report for full read
Max Pain by Expiration
Pain by Strike
Drill into expiration
Selected: 2026-07-17
Expiration
Max Pain Strike
Last Updated
2026-05-15
$23.00
5/15/2026, 11:44:07 PM
2026-06-18
$26.00
6/18/2026, 11:35:49 PM
2026-07-17NextUpdated
$30.00
7/3/2026, 11:34:31 PM
2026-08-21
$20.00
7/3/2026, 11:34:31 PM
2026-11-20
$25.00
7/3/2026, 11:34:31 PM
2027-01-15
$25.00
7/3/2026, 11:34:31 PM
Selected expiration: 2026-07-17 at max pain $30.00.
URGN pain by strike for 2026-07-17 expiration
Strike
Call Pain
Put Pain
Total Pain
20
0
123600
123600
21
0
109200
109200
22
0
95100
95100
23
0
81300
81300
24
2000
68000
70000
25
4000
54900
58900
26
9500
44300
53800
27
15100
34000
49100
28
20700
24700
45400
29
26300
15500
41800
30
32000
6300
38300
31
37900
2100
40000
32
43900
1400
45300
33
50400
800
51200
34
62100
400
62500
35
73900
0
73900
36
86200
0
86200
37
100600
0
100600
38
143100
0
143100
40
248700
0
248700
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.