HTX experiment failure UPDATE: success?

HTX
Well, my understanding of how options work with a dividend was lacking. It seems at this point that my options are also worthless.

I still await a payout. And I ended up losing. It seems that I will get paid the $13.55 as the stock itself dropped like a rock in value from 17.48 to about $4. Note that i bought the stock @19.20's... so in essence pre-market I lost 8%. Again not to mention the basically worthless non-standard options.

The irony of the whole deal is that i thought this was a more stable way to approach the volatility.

I will not be participating in any more dividends of this sort (except maybe oil/energy trust funds that pay out monthly without a hit to the stock)

This totally kept me from participating in the recent swings. I didnt have an entire understanding of how this works. I did in the past own Palm puts prior to a dividend. I just didnt recall how that worked out. I didnt bother owning the stock, just the options puts, which in the end netted a loss.

I probably will hold on to the stock and see where it goes.
I still await my pay out. If I dont get it... I am totally messed up...

UPDATE:
My five Dec 12.5 puts did kick in. If anything I should have bought alot more of them. basically spent $40... including costs. Each sold today @1.25. The January Put however didnt do a thing.

Another note. My scottrade acct is a discount broker. So, until HTX pays them out, i DO NOT get a cent of the divident in my account. A Scottrade rep told me it might be a FEW days because it is a Chinese company... (Hmmm more reason to short China later). Anyway, My full-service broker, Ameritrade acct paid out from their funds.

Learned much today. Confusion at first, but at least I have a profit