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Why Do Options with a Longer Time to Expiration Typically Have a Higher Vega?

Vega is higher for long-dated options because there is more time for volatility to impact the underlying asset's price significantly. A change in implied volatility has a greater potential to influence the option's value over a longer period.

Short-dated options have less time for volatility to matter, resulting in a lower Vega.

How Does ‘Rho’ (The Interest Rate Greek) Impact Long-Term Options Pricing?
How Is the Concept of “Vega” Related to Implied Volatility?
What Is ‘Vega’ and How Does It Measure an Option’s Sensitivity to Implied Volatility?
How Does the Time Remaining until Expiration Affect the Option’s Time Value?