Apple Stock Split Fuels Retail-Trader Bets on Further Gains
- TD Ameritrade sees spike in use of options on Apple stock
- Apple planning 4-1 split to make its shares more accessible
Shoppers wear protective masks while visiting an Apple Inc. store at George Street in Sydney, Australia.
Photographer: Lisa Maree Williams/BloombergThis article is for subscribers only.
Apple Inc.’s planned stock split in the wake of the surge in its shares and strong earnings is stirring more bets on the company, according to TD Ameritrade Holding Corp.
Activity in the world’s largest technology company “sticks out” over the past week, a repeat of the pattern seen in previous years when Apple split its stock, Christopher Brankin, chief executive officer of brokerage TD Ameritrade Singapore Pte, said in an interview Tuesday.