Investors in Direxion Shares Exchange Traded Fund Trust - Daily S&P Oil & Gas Exploration & Production Bear 3X Shares (DRIP) saw new options become available this week, for the September 20th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 234 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration..