First Week of TZA August 17th Options Trading

Investors in Direxion Shares Exchange Traded Fund Trust - Daily Small Cap Bear 3X Shs (TZA) saw new options begin trading this week, for the August 17th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 87 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration..