KraneShares KWEB Covered ... (KLIP)
KraneShares KWEB Covered Call Strategy ETF Max Pain By Strike
KLIP trades at $32.97, pinned near the near-term max pain of $33 expiring Sep 19, 2025 (23 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($27-$55), signaling increased put positioning or downside protection. Key magnetic zone at 27 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
KraneShares KWEB Covered Call Strategy ETF Max Pain By Expiry
Max pain for KLIP shows a downward trend from 55 to 27, indicating bearish sentiment or hedging activity. The 75% spread signals divergent expectations across timeframes. Levels distributed around 32.97. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 33 | 0.03 (0.09%) |
| Oct 17, 2025 | 27 | -5.97 (-18.11%) |
| Nov 21, 2025 | 32 | -0.97 (-2.94%) |
| Jan 16, 2026 | 55 | 22.03 (66.82%) |
| Feb 20, 2026 | 27 | -5.97 (-18.11%) |
| Dec 18, 2026 | 50 | 17.03 (51.65%) |