First Week of TNA July 16th Options Trading

Investors in Direxion Shares ETF Trust - Daily Small Cap Bull 3X Shares (TNA) saw new options begin trading this week, for the July 16th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 71 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..
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