Investors in iShares Trust - iShares Biotechnology ETF (IBB) saw new options become available today, for the April 17th 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 85 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..