Investors in ProShares Short Vix Short Term Futures Etf (SVXY) saw new options become available today, for the September 2021 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 386 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..