Nvidia (NVDA) shares have slipped from the record highs it reached on Wednesday, when the company's market cap briefly surpassing $3 trillion. But there's something else Nvidia has in store for investors — a 10-for-1 stock split that is set to occur Friday after the market close.

Option Research & Technology Services Principal Matt Amberson notes that the price of Nvidia's options are "extraordinarily high" given the high stock price, so the split will make the options "a lot easier" to trade.

Amberson says options traders could profit from "not being short, but being long spreads. You can do these way out of the money spreads in Nvidia and it's a way to trade the options a lot more manageably for retail traders."

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This post was written by Stephanie Mikulich.