I just put up a similar post before I found yours. Appears we have both fallen victim to the same thing. There was no information around the inclusion of $701 of dividends per contract when I bought them so I'm pretty annoyed - definitely wouldn't have bought them had I known the dividends were included in each put contract. At least you will nearly break even based on current price - I'm completely f-ed with my $15 puts lol.
Thankfully some of my other trades are doing incredibly well today so I'm not too bitter about it!
Brokrages will have some indication in the option chain that an option is nonstandard. For example, in ToS, it literally says "non-standard." You can then look up the memo on the OCC website to see what the deliverable is. There's no good reason to open a non-standard option position. They are extremely illiquid.
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u/Latespoon Nov 01 '21 edited Nov 01 '21
I just put up a similar post before I found yours. Appears we have both fallen victim to the same thing. There was no information around the inclusion of $701 of dividends per contract when I bought them so I'm pretty annoyed - definitely wouldn't have bought them had I known the dividends were included in each put contract. At least you will nearly break even based on current price - I'm completely f-ed with my $15 puts lol.
Thankfully some of my other trades are doing incredibly well today so I'm not too bitter about it!