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Sean HymanSean Hyman
Keymaster
Post count: 5577

Andrew it would matter more if you SOLD puts to open or BOUGHT puts to open. If you sold puts to open, then if the price dropped to your strike price, you agreed to have the stock put to you and its why you’d taken in income on the put option, to take upon that risk.

If you bought puts formerly, then the down-draft in the stock should have actually benefiteed you. But yes, call your broker for specific details about what they did and why. They’re not doing shady stuff.