What the Apple split means for your Apple options

All you need to know about Apple's split

On Monday, uninformed Apple shareholders are at risk of having a conniption fit.

After closing Friday at $645.57, Apple shares opened Monday at $92.70, but not because the stock plunged—rather, the tech giant's 7-for-1 split has become effective.

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But even though the stock price has moved drastically, options traders should be unaffected. That's because options strike prices and contracts will be automatically adjusted for the split.