# NVIDIA 10-for-1 stock split

Dear Trader

Orbex would like to inform you that NVIDIA Corp. (NVIDIA) has announced a 10-for-1 stock split and the new price will be available on June 10, 2024.

Below a numerical example for holding a long and short positions for how a stock split will affect your open positions.

Example: Buy (Long) Position:

• Buy position of 10 lots at a price of \$1’100 on June 03.
• Assume the closing price on June 07 is \$1’200.
• Moving profit \$1’000 {(10*1’200) -(10*1’100)}.
• Orbex will close your order at a price of \$1’100 (At the open price of your order). Therefore, the profit or loss will be 0.
• Orbex will open a new order with the following parameters:
• Buy position of 100 lots at the price of \$110 (1’100/10).
• Since the closing price on June 07 was \$1’200, this means that the opening price on June 10 will be \$120 (1’200/10).
• Your new position of 100 lots will appear in your account at a price of \$110 and a current market price of \$120.
• Therefore, the total profit on your position would be \$1’000 as it was before the split {(100*120) -(100*110)} = \$1’000.

Example Sell (Short) Position:

• Sell position of 10 lots at a price of \$1’100 on June 03.
• Assume the closing price on June 07 is \$1’200.
• Moving loss -\$1’000 {(10*1’100) -(10*1’200)}
• Orbex will close your position at a price of \$1’100 (At the open price of your position). Therefore, the profit or loss will be 0.
• Orbex will open a new position with the following parameters:
• Sell position of 100 lots at the price of \$110 (1’100/10).
• Since the closing price on June 07 was \$1’200, this means that the opening price on June 10 will be \$120 (1’200/10).
• Your new position of 100 lots will appear on your account at a price of \$110 and a current market price of \$120.
• Therefore, the total loss on your position would be -\$1’000 as it was before the split {(100*110) -(100*120)} = -\$1’000.

Trading on the split-adjusted shares will begin when at market open on Monday, June 10, 2024.

You are always welcome to contact your account manager or Orbex support, should you require additional help or information.

Best Regards,

The Orbex Team