A split is a corporate action in which a company's existing shares are divided into multiple shares. Although the number of shares outstanding increases by a specific multiple, the total dollar value of the shares remains the same compared to pre-split amounts. 

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Step 3: Preview the results to view all open positions on the action date and click save.

Option Split

When completing a stock split for a symbol, if there are any options with the same underlying symbol, the tool will populate preview entries for those options also.

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• 4 contracts of +AAPL210115C00092500 (Apple Jan 15, 2021 $92.50 Call) at new average price of $0.25

 Important:   The logic above should be appropriate for the WHOLE ratio option splits (5 for 1,  4 for 1,  etc), but the generated entries may NOT be correct for ODD ratios split (3 for 2,  5 for 4,  etc).  In those cases, you'll need to review the official OCC directions to see how they handle the option split, and adjust the entries accordingly.

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