CLF December 20th Options Begin Trading

Investors in Cleveland-Cliffs Inc (CLF) saw new options begin trading today, for the December 20th 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 91 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..