[RagingBull Elite](
Trader,
On Monday afternoon Kyle Dennis will [be dropping his first trade in his brand new service Mobile Closer.](
Yes, itâs true, Kyle will be trading one symbol in this service, and a strategy so simple, you can execute it on your mobile phone.
[If you watched Kyle's Mobile Closer Presentation,](then you know heâll be trying to trade options on Apple (AAPL) at around the same time each day.
Now, if youâve been following AAPL then you know that itâs shares are set to split.
That means shares will be adjusted 4 to 1.
Shares of the stock closed at $499.23. If you divide that by 4 then youâll see shares be at $124.80. Your one share will be converted to four.
But what happens to the options?
The options will get adjusted.
And a new series of option contracts will be created to reflect the stock split.
In terms of taking any action, you wonât have to do anything.
Both series of options will trade.
For example, last month, Office Depot announced a 1 to 10 reverse split.
In this case, the stock went from the $2s to $20s...and every ten shares you had got converted to one.
There is an October series that trades with the stock split adjustment. And another pre-stock split.
So when you come in on Monday, just be aware of what the changes are.
Kyle will be placing his first Apple options trade for [Mobile Closer, live on Monday at around 3:30 PM PM ET.](
You donât want to miss it!
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