URGNUroGen Pharma Ltd. Ordinary Shares
Options Analysis Report•PHARMACEUTICAL PREPARATIONS
Market Cap $1.1B|NASDAQ
● 2026-04-17$22.54
BEARISH
Analysis: 2026-04-16 EOD data
1Y +133.3%YTD -0.7%7D +4.5%
Options Vol
435
30D
Implied Move
±24.2%
IV Rank
47%
URGN Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
2.0
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks2/9 checks passed
IV Rank
≤35%IV Rank 92.3% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.65x — IV premium over HV
Sector Relative≤50%
Sector percentile 74% — above sector median
Term Structure
<1.1xFront/Back 0.93x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 102.9% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 167.8% (ATM 102.9% + spread 32.4% + bias) — expensive
Execution Efficiency
<3.0%Total drag 40.60% (spread 32.44% + slippage 8.16%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.06 (vega 3.429 / spread 32.44%) — spread drag
Sentiment
Bullish or bearish?
2.7
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Moderate signal (Conviction: -74%, Raw: -61%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -74% (strong bearish) — Raw: -61%
OI Skew Magnitude
≥15%|OI skew| 13.5% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -10.8%, OI skew +13.5% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 26%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -73%, ATM: -90%, OTM: -2% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 81% — very bearish vs sector
Activity
Unusual activity?
6.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks5/9 checks passed
Volume Surge
≥1.5xVolume 2.2x avg — hot
Turnover Rate
≥15%Vol/OI 5.7% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +8.3% (5d) — building
Sector Relative≥60%
Sector activity percentile 79% — active vs sector
Trade Quality
≥30%Large trade volume 46% — institutional presence
Execution Urgency
≥60%Aggressive execution 44% — patient
Flow Conviction
≥30Conviction -74 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
2.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks0/8 checks passed
Tradeable Spread
≤5.0%Spread 32.4% — wide
Adequate OI
≥10,000OI 7,646 — thin
Active Volume
≥500Volume 435/day — thin
Reasonable Cost
≤$0.50$1.62 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 89% — much wider than sector
Order Book Depth
≥100 contractsDepth 45.6 contracts (bid:19.6 ask:26.0) — thin
Execution Quality
<1.0%Avg slippage 8.16% — poor
Timing
Is now a good time?
7.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -7.4% — contango
IV Percentile Clarity
<30 or >70IV percentile 92% — seller opportunity
Event Detection
≥10pts kinkIV kink -7.1pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 130.38 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No earnings detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -74% @ 87% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 76 (ITM 20% + inst 46%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls3.2
bullishIV expensive, bearish flow
Long Puts4.8
bearishIV expensive, bearish flow
Premium Sellers
Cash-Secured Put5.1
bullishIV rich premium, bearish flow
Covered Call7.0
bearishIV rich premium, bearish flow
For educational purposes only. Not investment advice.