Microsoft purchased a 49% stake in OpenAI, creator of ChatGPT, for $10 billion. Which i think it will turn out to be the best investment in MSFT history! Microsoft Corporation (MSFT) integrates Chat GPT into its Bing, Office, and it Azure service!
Now looking at the MSFT Microsoft options chain ahead of earnings , I would buy the $245 strike price Calls with 2023-2-27 expiration date for about $1.60 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Or at least buy shares for the long run! They will compete with GOOGL thanks to OpenAI.
Looking forward to read your opinion about it.
Trade closed: target reached
Price target reached, MSFT trading at $249.82 intraday and the calls at $3.10 from $1.60 when I posted the idea.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.