### Comment:
That... doesn't sound right, but I don't know enough about the market to dispute it

### REPLY:
Put simply, the special dividend made the stock price drop and so OP's strike price was dropped proportionately so that OP is in the same relative position as he was before the special dividend. OP didn't lose or gain anything as a result, he's just salty that his puts don't benefit from the artificial stock price drop caused by the special dividend.

### END.