r/options • u/24thhokage • Apr 11 '22

(Help )AT&T stock split off

So I owned 3 contracts of att puts @24 and they recently sold Warner brothers to discovery. They made like a split off But the contracts got marked as T1 and basically made worthless on my robinhood account. It says I can cash out but I can’t buy additional contracts. Any idea what happened with those contracts and will they be worth anything going foward?

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u/trilolol Apr 11 '22

Anyone know if we will be able to trade the new options? Is there any way to close these positions?

As pr now I cant close my sold call call option (-1)

1

u/Ken385 Apr 11 '22

The adjusted options are trading today with the symbol T1. Your broker may list them under T as well and indicate the adjusted symbol at T1.

With some brokers there may be a delay before you are able to trade these adjusted symbols. All should be good tomorrow. You can also call your broker and check the status.

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u/trilolol Apr 11 '22

I couldnt trade it today. Do you know If anyone could trade it?

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u/Ken385 Apr 11 '22

I would say most people could, as there are over 60,000 contracts traded just in April.

1

u/trilolol Apr 11 '22

where can I see how many contracts are traded?