JO Coffee futures...Can someone help me out??

C

Cabin111

So this is a lightly traded ETN on coffee. I have bought this before and done options on it a few times. This may be like USO in oil...A partnership.

So I checked my stocks at Fidelity today after market, and it gives me a number for the stock, rather than a symbol. I have one covered call in this fund...At $52. The symbol (number) shows $54.

Because it is lightly traded, I am wondering if it has gone pink sheet? If it has, will it effect how I (or the other side) closes our positions?

The Fidelity department for this issue is closed for the weekend, so I have to wait.

This is a covered position, so I don't think I am out much or anything. I go to Bloomberg and it says TICKER DELISTED!!???

Would just like some clarity...Thanks
 
Cabin111 said:
So this is a lightly traded ETN on coffee. I have bought this before and done options on it a few times. This may be like USO in oil...A partnership.

So I checked my stocks at Fidelity today after market, and it gives me a number for the stock, rather than a symbol. I have one covered call in this fund...At $52. The symbol (number) shows $54.

Because it is lightly traded, I am wondering if it has gone pink sheet? If it has, will it effect how I (or the other side) closes our positions?

The Fidelity department for this issue is closed for the weekend, so I have to wait.

This is a covered position, so I don't think I am out much or anything. I go to Bloomberg and it says TICKER DELISTED!!???

Would just like some clarity...Thanks
More...

https://www.elitetrader.com/et/threads/barclays-ipath-series-b-etn-redemption.374826/
 
The saga continues...So I got off the phone with Fidelity a couple minutes ago. I received an amount $5,476.66 for the redemption of my 100 shares. I will have to wait till July 21, 2023, before they will allow for the other side to close and fill their position. This covered call remains open, but is not trading. I DO NOT KNOW where they came up with this number. I am also not sure how much will be taken from my account on July 21st. I'll just wait till then, to figure out how the OCC/Fidelity reconciled this situation.

I do know I will need some money in my money market account for when it gets called away. Still very confusing...
 
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