Data through close

URA max pain, gamma exposure (GEX) & options open interest

As of close

URA max pain · nearest expiration

35.00 for

9.9% above the 31.84 close

All-expiration max pain 35.00

Net GEX 15.23M (positive 6 sessions) Put/call OI 0.49

URA close vs max pain · last 60 sessions
31.84 35.00 MP net GEX Aug 21 Nov 13 31.84 35.00 MP net GEX Aug 21 Nov 13

Over the last 60 sessions to Nov 13, 2026, URA closed between 30.98 and 48.37; nearest-expiration max pain ranged from 32.00 to 46.50. Latest max pain 35.00 for the Fri, Nov 20, 2026 expiration. 2 of 13 expirations in view closed nearer the prior-session max pain than the prior close.

  • Close
  • Max pain (nearest expiration)
  • All-expiration max pain
  • Expiry close nearer max pain
  • nearer prior close

Markers sit on expiration sessions and compare that close with the prior session's max pain and close. Bars show net GEX, calls positive and puts negative. Descriptive history, not a forecast.

Over the past 252 sessions, URA's expiration-day close was nearer the prior session's max pain than the prior close on 10 of 53 expirations (19%). Expiration record

URA's nearest-expiration max pain is 35.00 for the Fri, Nov 20, 2026 expiration, 9.9% above the 31.84 close; all-expiration max pain is 35.00; net GEX is 15.23M (modeled dollar-delta change per $1 move); the put/call open-interest ratio is 0.49. These are whole-chain derived aggregates as of Nov 13, 2026 close.

URA max pain and GEX snapshot

End-of-day snapshot for . Nearest-expiration max pain uses the expiry shown on its card; GEX uses the whole chain. Missing values are unavailable, not zero.

Nearest-expiration max pain
35.00
+9.9% from close
Expiry: Fri, Nov 20, 2026
All-expiration max pain: 35.00
GEX flip
–
Net GEX
15,230,506
2,889,359 per 100k OI
Call wall
34.00
+6.8% from close
Put wall
30.00
-5.8% from close
Put/call OI
0.49
172,696 puts / 354,428 calls

Prices are in US dollars per share. Net GEX is modeled dollar-delta change per $1 underlying move. Max pain minimizes aggregate intrinsic payout for that expiration; it is not a closing-price forecast. Signed GEX uses calls positive and puts negative, a model convention rather than observed dealer inventory. The flip is a confirmed zero crossing; walls locate side-specific concentrations, not guaranteed support or resistance.

Learn how to read the max pain payout example, GEX chart, gamma flip and walls, and open interest versus trading volume.

Does URA close at max pain? Expiration record

Over the past 252 sessions, URA's expiration-day close was nearer the prior session's max pain than the prior close on 10 of 53 expirations (19%). The median distance from the expiration close was 4.36% for max pain and 1.55% for an unchanged prior close; 3 of 53 closes finished within 1% of max pain.

URA recent expirations versus prior-session max pain
Expiration Max pain (session before) Prior close Expiration close Close vs max pain Nearer
32.50 32.36 31.84 -2.04% Prior close
34.50 30.98 32.34 -6.97% Prior close
36.00 35.72 33.73 -6.35% Prior close
36.00 34.09 34.11 -5.54% Prior close
40.00 36.12 35.43 -12.65% Prior close
40.50 38.56 38.90 -4.15% Prior close
41.00 39.59 39.79 -3.06% Prior close
43.00 40.86 40.91 -5.12% Prior close
42.50 42.68 41.65 -1.99% Max pain
46.00 45.00 43.53 -5.49% Prior close

Each expiration compares the last session before it, when it was the nearest expiration, with the close of the expiration session. Distances are percentages of that prior close. Underlying closes are not official option settlement values. The archive was reconstructed in September 2026, so it does not show what was published at the time. This is descriptive history, not a forecast. The site-wide 2025 max-pain study uses the same comparison on Thursday snapshots.

Close
31.84
prev 32.36
Gamma max
37.32
+17.2% from close
Delta neutral
33.20
+4.3% from close
Gamma neutral
31.84
0.0% from close
Open interest
527,124
+0.7% vs prev
Contracts listed
669
387 calls · 308 puts

Advanced options analysis

Public aggregate analysis from the dated chain, normalized where possible for comparison across tickers. Catalyst intensity measures unusual pricing and activity; it does not identify an event, predict direction, or establish that an investment is attractive.

Catalyst intensity
61.7
cross-sectional score / 100
Directional score
22.8
relatively bullish positioning
IV rank
40.2
within trailing 52-week range
Front IV premium
9.3 pp
front minus back volatility difference
25Δ risk reversal
-10.1 pp
put IV minus call IV
IV butterfly
10.3 pp
front-window smile convexity
Volume / open interest
0.02
10,311 contracts traded
Normalized net delta
-0.038
option-holder convention
Modeled dealer delta
0.038
opposite-side scenario
Vanna / 100k OI
3,415
volatility-sensitive delta
Charm / 100k OI
-25,810
time-decay-sensitive delta
IV surface range
150.1 pp
aggregate volatility dispersion

Strongest relative signals: OI change 0.17σ · smile convexity 10.3 pp

Download the dated aggregate analysis JSON .

URA closed 17.2% below its gamma max of 37.32. It is 4.3% below the delta neutral price of 33.20. Total open interest is 527,124, +0.7% versus the previous session. Its options catalyst-intensity score is 61.7 out of 100, led by OI change 0.17σ, smile convexity 10.3 pp. What gamma max means · What delta neutral means

Call versus put open interest changes

Growth compares outstanding contracts on each side. A positive growth gap favors calls; a negative gap favors puts. Standardized surprises compare each measure with its own prior history. These describe the OI balance, not IV skew or buying direction.

URA call and put open interest changes
Measure Value
Call OI change, 1 session +3,030 contracts · +0.9%
Put OI change, 1 session +480 contracts · +0.3%
Call minus put OI growth, 1 session +0.6 pp
Call OI change, 5 sessions -8,412 contracts · -2.3%
Put OI change, 5 sessions +6,665 contracts · +4.0%
Call minus put OI growth, 5 sessions -6.3 pp
Daily call OI change surprise +0.22σ (252 prior changes)
Daily put OI change surprise +0.07σ (252 prior changes)
Daily call-minus-put growth surprise +0.11σ (252 prior changes)

History

2025-11 2026-11
close delta neutral gamma max
Full history since 2020: drag to pan, scroll to zoom, hover for values. Open full-screen chart

Analysis visualizations

Daily ticker aggregates through 2026-11-13. This analysis view omits individual contract fields.

To see all-expiration max pain over time, open the History chart and select “All-expiration max pain” under More series.

Aggregate IV history

Chart loads when this section is in view.

Swipe chart sideways to see the full range.

What followed prior gamma-max crosses?

Each historical path starts at 0% on the cross date and follows the close for ten subsequent trading sessions. Cohorts use the same direction as labelled and require gamma max to be within 10% of the close on both crossing sessions.

Crosses below gamma max 46 completed Day +10 paths · latest Jan 29, 2026
URA returns after crossing below gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -12.0% -6.0% 0% +6.0% +12.0% Cross on Jan 19, 2021 Cross on Feb 1, 2021 Cross on Feb 17, 2021 Cross on Feb 23, 2021 Cross on Mar 4, 2021 Cross on Mar 18, 2021 Cross on Mar 23, 2021 Cross on Apr 7, 2021 Cross on Apr 9, 2021 Cross on May 20, 2021 Cross on Jun 8, 2021 Cross on Oct 21, 2021 Cross on Mar 11, 2022 Cross on Apr 14, 2022 Cross on Jul 29, 2022 Cross on Jan 17, 2023 Cross on Jan 31, 2023 Cross on May 11, 2023 Cross on Jun 13, 2023 Cross on Aug 22, 2023 Cross on Aug 31, 2023 Cross on Sep 6, 2023 Cross on Sep 19, 2023 Cross on Sep 26, 2023 Cross on Sep 29, 2023 Cross on Jan 19, 2024 Cross on Feb 2, 2024 Cross on Apr 4, 2024 Cross on Apr 12, 2024 Cross on Oct 17, 2024 Cross on Oct 22, 2024 Cross on Nov 22, 2024 Cross on May 2, 2025 Cross on May 8, 2025 Cross on May 16, 2025 Cross on May 28, 2025 Cross on Jun 10, 2025 Cross on Jun 18, 2025 Cross on Jul 18, 2025 Cross on Jul 25, 2025 Cross on Sep 16, 2025 Cross on Sep 23, 2025 Cross on Oct 7, 2025 Cross on Oct 14, 2025 Cross on Jan 26, 2026 Cross on Jan 29, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
URA historical gamma-max cross outcomes after closing below
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 46 -0.9% -2.5% to +0.9% 37% -1.9% to +0.0% 0.0%
Day +2 46 -0.7% -2.4% to +0.5% 39% -1.8% to +0.3% 0.0%
Day +3 46 -0.8% -3.7% to +1.6% 41% -3.0% to +0.5% 0.0%
Day +4 46 -1.4% -4.2% to +1.7% 39% -3.3% to +0.2% 0.0%
Day +5 46 -1.0% -3.9% to +3.0% 46% -3.3% to +2.0% 0.0%
Day +6 46 -0.4% -4.2% to +3.6% 50% -3.7% to +1.2% 0.0%
Day +7 46 -2.1% -4.4% to +4.4% 43% -3.3% to +2.8% 0.0%
Day +8 46 -1.6% -5.0% to +5.7% 41% -3.8% to +2.6% 0.0%
Day +9 46 -1.0% -4.9% to +5.8% 43% -4.0% to +3.5% 0.0%
Day +10 46 -0.8% -4.5% to +6.5% 46% -3.4% to +2.4% 0.0%
Crosses above gamma max 47 completed Day +10 paths · latest Jan 28, 2026
URA returns after crossing above gamma max Historical close-to-close return paths from Day 0 through Day 10, with the median, middle fifty percent, and a nominal confidence interval for the median. -12.0% -6.0% 0% +6.0% +12.0% Cross on Dec 4, 2020 Cross on Feb 16, 2021 Cross on Feb 19, 2021 Cross on Mar 3, 2021 Cross on Mar 15, 2021 Cross on Mar 19, 2021 Cross on Apr 5, 2021 Cross on Apr 8, 2021 Cross on May 3, 2021 Cross on Jun 4, 2021 Cross on Sep 3, 2021 Cross on Oct 19, 2021 Cross on Mar 10, 2022 Cross on Apr 13, 2022 Cross on Jul 27, 2022 Cross on Jan 13, 2023 Cross on Jan 30, 2023 Cross on May 10, 2023 Cross on Jun 12, 2023 Cross on Aug 21, 2023 Cross on Aug 30, 2023 Cross on Sep 1, 2023 Cross on Sep 12, 2023 Cross on Sep 25, 2023 Cross on Sep 28, 2023 Cross on Jan 12, 2024 Cross on Feb 1, 2024 Cross on Apr 3, 2024 Cross on Apr 11, 2024 Cross on Oct 16, 2024 Cross on Oct 18, 2024 Cross on Nov 21, 2024 Cross on Jan 22, 2025 Cross on May 1, 2025 Cross on May 6, 2025 Cross on May 9, 2025 Cross on May 20, 2025 Cross on Jun 9, 2025 Cross on Jun 11, 2025 Cross on Jul 16, 2025 Cross on Jul 24, 2025 Cross on Sep 15, 2025 Cross on Sep 18, 2025 Cross on Oct 6, 2025 Cross on Oct 13, 2025 Cross on Jan 21, 2026 Cross on Jan 28, 2026 Day 0 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
prior crosses middle 50% of outcomes nominal ≥90% median interval median
URA historical gamma-max cross outcomes after closing above
Horizon n Median Middle 50% Above zero Nominal ≥90% median interval Confidence floor
Day +1 47 -0.1% -1.3% to +1.4% 45% -0.8% to +0.5% 0.0%
Day +2 47 -0.4% -3.1% to +1.9% 49% -2.7% to +1.1% 0.0%
Day +3 47 -0.6% -4.0% to +1.2% 38% -2.2% to +0.1% 0.0%
Day +4 47 -0.2% -4.4% to +2.9% 45% -3.3% to +0.8% 0.0%
Day +5 47 -1.8% -5.7% to +5.4% 43% -3.7% to +1.9% 0.0%
Day +6 47 -2.7% -5.3% to +5.3% 40% -3.8% to +2.3% 0.0%
Day +7 47 -2.4% -5.8% to +4.3% 47% -4.2% to +2.2% 0.0%
Day +8 47 -1.3% -6.4% to +4.4% 45% -5.1% to +2.5% 0.0%
Day +9 47 -1.6% -6.0% to +5.3% 45% -4.5% to +2.7% 0.0%
Day +10 47 -3.2% -6.4% to +6.8% 45% -4.5% to +4.3% 0.0%

Returns are close-to-close after the labelled number of subsequent trading sessions. The confidence floor is the closest-to-zero bound of the order-statistic median interval; it is zero when that interval spans zero. Its coverage is nominally at least 90% under independent observations. Historical paths can overlap, so the interval and floor are descriptive uncertainty guides rather than formal coverage guarantees. Historical, not a forecast.

Last 252 sessions

URA trailing historical statistics
Sessions closed above gamma max 2%
Gamma max crosses 4
Delta neutral crosses 20
Prior-year sessions closer to gamma max 49.6% of 252
Prior-year sessions closer to delta neutral 29.8% of 252
Open interest percentile (1y) 99th
Daily open interest change versus prior year +0.17σ (3,510 contracts; 252 prior changes)
Open interest change, 5 sessions -0.3%
Open interest change, 21 sessions +25.0%
History available Dec 1, 2020 → Nov 13, 2026

Recent crosses

  1. closed below delta neutral at 33.15 vs 33.29 (-0.4%)
  2. closed above delta neutral at 34.34 vs 33.11 (+3.6%)
  3. closed below delta neutral at 41.99 vs 43.34 (-3.2%)
  4. closed above delta neutral at 43.74 vs 43.63 (+0.3%)
  5. closed below delta neutral at 43.53 vs 43.55 (-0.1%)
  6. closed above delta neutral at 42.49 vs 40.61 (+4.4%)
  7. closed below delta neutral at 39.89 vs 40.44 (-1.4%)
  8. closed above delta neutral at 40.97 vs 40.47 (+1.2%)
  9. closed below delta neutral at 40.90 vs 41.54 (-1.6%)
  10. closed above delta neutral at 41.55 vs 41.31 (+0.6%)

In today's screens

Not in any screen today. See all screens.

Neighbours by open interest

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Canonical source: https://halfonadouble.com/stock/URA

Questions people ask about URA

What is URA's max pain for the nearest expiration?

As of Nov 13, 2026 close, nearest-expiration max pain is 35.00 for the Fri, Nov 20, 2026 expiration. It is a payout-minimizing strike for one expiration. An all-expiration pooled value is a different comparison, and neither establishes where the underlying will close. Max pain definition and worked payout example.

Our 2025 max-pain study compares historical Thursday levels with Friday underlying closes and an unchanged-price baseline. Its scope and results are separate from this current ticker snapshot.

Is URA max pain a reliable closing-price forecast?

Over the past 252 sessions, URA's expiration-day close was nearer the prior session's max pain than the prior close on 10 of 53 expirations (19%). The median distance from the expiration close was 4.36% for max pain and 1.55% for an unchanged prior close. Past expirations do not predict the next one. See the expiration record.

What do URA's gamma exposure and gamma flip show?

Signed net GEX is 15,230,506 as of Nov 13, 2026 close. No confirmed GEX flip is available; this does not imply a zero exposure level. Net GEX has been positive for the last 6 sessions and negative on 72 of the past 252. These aggregate model outputs use calls positive and puts negative. Their sign does not identify dealers' actual positions or predict the next move. How to interpret GEX, gamma flip and walls.

Where is URA's gamma max today?

As of Nov 13, 2026, the gamma max for URA is 37.32, +17.2% from the 31.84 close. Gamma max is the underlying price at which the summed gamma of every open contract is largest; how it is computed and why it matters.

Is URA above or below its delta neutral price?

URA closed below delta neutral: 31.84 against a delta neutral price of 33.20. The delta neutral price is where the summed delta of the whole chain is zero; the definition.

How much open interest does URA have?

527,124 contracts of open interest across 669 listed contracts on Nov 13, 2026, +0.7% versus the previous session. What open interest measures.

Levels are recomputed after every trading day from licensed end-of-day options data; only derived aggregates are published. Methodology · Data and licence · Not investment advice.