Investors in Direxion Shares Exchange Traded Fund Trust - Daily Junior Gold Miners Index Bull 3X Shares February 2017 (JNUG) saw new options begin trading this week, for the January 2021 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 850 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..