Sandisk Stock Split: Options, Crypto Perps and Every Price…
By Tobi Opeyemi Amure
AI summary of the source article
Sandisk's 1-for-8 stock split takes effect on 20 November, triggering adjustments across US listed options and crypto derivative venues. OKX and Binance will adjust perpetual contracts and tokenized shares, canceling untriggered stops and realizing open perpetual PnL.
Why it matters
The position that needs attention before the Sandisk stock split is a leveraged one held on a crypto venue, because untriggered stops are canceled rather than rescaled and an open perpetual has its unrealized profit and loss realized.
Key facts
- Sandisk shares split 8-for-1 with split-adjusted trading starting 20 November, dividing listed options strikes by eight while keeping the deliverable at 100 shares.
- Crypto platforms OKX and Binance will adjust SNDK perpetuals and tokenized shares at 01:00 UTC on 20 November, settling open perpetual positions at the pre-adjustment mark price.
- On crypto venues, limit order prices divide by eight while untriggered take-profit and stop-loss orders are canceled outright and not restored.
Source excerpt · FinanceFeeds
Sandisk closed Tuesday at $859.99, down 2.99%, and was indicated at $937.60 in Wednesday’s premarket as memory names rallied on CoreWeave’s results. At the Tuesday close, the Sandisk stock split turns one share into eight worth about $107.50 each. SNDK traded above $1,228 when the Sandisk stock split was announced on 29 October, which put the post-split equivalent near $153.51 at the time, so anyo…