KWEB Options Price a ±$1.04 Move Into July 31 — But Max Pain Sits at $25.50

KraneShares CSI China Internet ETF, ticker KWEB, closed Friday at 26.28. Hold that number. Everything in this episode is measured against it. Our read into the July 31 expiration is leaning bearish. Not a conviction call. The heaviest call positioning for that expiration sits just below the close, and the strike where the most option value would expire worthless sits about 3 percent…

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