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Options Market Statistics: Controversy Erupts Over Edited Demo Video of Google's Gemini AI Model, Options Pop

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Options Newsman wrote a column · Dec 8, 2023 19:21
News Highlight
$Tesla(TSLA.US)$ shares rose by 0.49%, closing at $243.84. Its options trading volume is 2.46 million. Call contracts account for 56.6% of the whole trading volume.
Tesla's Chinese deliveries rose by 5% in November to 65,504 EVs, according to data from the country's Passenger Car Association. Customers were motivated to place orders before the company increased prices on its electric vehicles, as Tesla has regularly adjusted prices since initiating a price war in China last year, including two increases since late October. The short delivery times as little as two weeks were an additional incentive for buyers.
$Alphabet-A(GOOGL.US)$ shares fell by 1.42%, closing at $134.99. Its options trading volume is 0.48 million. Call contracts account for 65.1% of the whole trading volume.
Google is facing scrutiny over its recently launched AI model, Gemini. The company presented a six-minute video demo which included spoken conversations between the user and a Gemini-powered chatbot, showcasing its ability to recognize pictures and objects. However, after the launch, Google confirmed that the demo wasn't conducted in real-time but used still images with fed text prompts. This revelation has led to controversy, as it suggests Google may have exaggerated Gemini's capabilities.
In addition to this recent development, earlier this year, Google faced criticism for what employees called a "rushed, botched" demonstration of its AI chatbots. Google is in competition with Microsoft-backed OpenAI's GPT-4, which has been the most advanced and successful model up until this point. While Google claims that Gemini's most powerful model outperformed GPT-4, critics remain skeptical of its capabilities due to the controversy surrounding the demo video.
$Marathon Digital(MARA.US)$ shares rose by 8.19%, closing at $16.78. Its options trading volume is 0.34 million. Call contracts account for 69.7% of the whole trading volume.
Options Market Statistics: Controversy Erupts Over Edited Demo Video of Google's Gemini AI Model, Options Pop
Unusual Stock Options Activity
Some notable put activity is being seen in $ChargePoint(CHPT.US)$, which is primarily being driven by activity on the Dec 29th 2.00 put. Volume on this contract is 45,833 versus open interest of 464.
Options Market Statistics: Controversy Erupts Over Edited Demo Video of Google's Gemini AI Model, Options Pop
Daily Active Index & Sector ETF Options
Options Market Statistics: Controversy Erupts Over Edited Demo Video of Google's Gemini AI Model, Options Pop
Source: Benzinga, Dow Jones, CNBC, Reuters
Disclaimer: Options trading entails significant risk and is not appropriate for all investors. Certain complex option strategy carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Option. This article is for information and illustrative purposes only, and is not a promotion of option trading or a recommendation of any of the specific option mentioned above.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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