Microsoft Options Premiums Soar After OpenAI Split News
$Microsoft(MSFT)$
"Microsoft's license will now be non-exclusive," the tech giant said in a corporate blog post Monday morning, announcing the amendment to its pact with the company behind ChatGPT. "OpenAI can now serve all its products to customers across any cloud provider."
Options traders pushed Microsoft's expected price swings to the 100th percentile Monday, meaning it's higher now than any other day in the past year. That translates to higher option premiums.
The amendment also set a limit on the revenue share payments from OpenAI to Microsoft. "Microsoft will no longer pay a revenue share to OpenAI," the tech behemoth said in a blog post on its website.
More money left Microsoft stock than came in today, with regular investors and bigger players both selling. Only the very largest trades showed net buying. The stock is now below the average price most holders paid, and a little over half of all positions are still showing a profit.
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