AAPL mini options will begin trading on this day. The availability of lower priced options will mean more investors will be able to maintain a long position in AAPL. The volume should be huge for these new options.
It may be a good idea to build up a long position in anticipation of this event which should prove to be bullish for AAPL.
An at-the-money weekly call option for just one week would cost you over $900 just for time premium alone. When I trade the weeklies, I like to buy at least 10.00 in-the-money in order to reduce time premium. Most traders tend to scale in their buys and scale out when selling. The 470 weekly is currently around $1700. Of course traders would rather buy the mini options for around $170 than try to time in the more expensive regular options. Also, the mini options would permit more investors to buy deeper ITM calls rather than pay huge time premiums for ATM calls.
Keep your eye on the pricing difference between the regular and mini options. Theoretically, the mini should be one tenth that of the regular, but in reality the mini will most likely be greater than one tenth of the regular. If the difference is large enough, expect a lot of arbitrage plays to be done - long the regular options / short the mini options.