Options Market Statistics: Intel Shares and Options Rise After Unveiling Latest AI Chip Amid Intensifying Competition with Nvidia
News Highlights
$Tesla (TSLA.US)$ shares rose by 2.25%, closing at $176.88. Its options trading volume was 1.82 million. Call contracts account for 51.2% of the total trading volume. The most traded calls are contracts of $170 strike price that expire on Apr. 12th. The total volume reaches 88,501 with an open interest of 16,579. The most traded puts are contracts of a $160 strike price that expires on Apr. 12th; the volume is 80,347 contracts with an open interest of 19,214.
Tesla shares already had been sinking before the company reported anemic quarterly delivery figures on April 2. Days later, Reuters reported the automaker was shelving plans for a cheaper electric vehicle, extending the tailspin. Musk's vague denial didn't do the trick — the stock closed last week as the worst performer in the S&P 500 this year.
So the chief executive officer turned to his tried-and-true playbook: change the narrative by dangling a new product.
Splashy events have long been part of Tesla's strategy to generate buzz while spending next to nothing on traditional advertising. Musk has mastered the craft of keeping investors focused on the future instead of current pain points, though it usually takes years for Tesla put products that its CEO shows into production.
As for robotaxis, Musk has failed to make good on more than a decade of predictions about autonomous vehicles.
$Intel (INTC.US)$ shares rose by 0.92%, closing at $38.33. Its options trading volume was 0.50 million. Call contracts account for 74.3% of the total trading volume. The most traded calls are contracts of $39 strike price that expire on Apr. 12th. The total volume reaches 23,745 with an open interest of 579. The most traded puts are contracts of a $37 strike price that expires on Apr. 12th; the volume is 12,969 contracts with an open interest of 3,214.
Intel on Tuesday debuted a new AI chip designed to take on one of $NVIDIA (NVDA.US)$'s most popular AI processors as part of its Intel Vision event.
The company's Gaudi 3 chip matches and exceeds Nvidia's H100 AI processor when it comes to training and deploying generative AI models. The H100 is one of Nvidia's most popular chips, powering artificial intelligence applications for some of the world's biggest tech companies, from $Microsoft (MSFT.US)$ to Google.
According to Intel, the Gaudi 3 is 40% more power efficient with 50% faster inferencing than Nvidia's H100. Training refers to the time it takes to train an AI foundation model like OpenAI's GPT-3, while inferencing is the process of actually using the models for apps.
Intel says the Gaudi 3 is up to 1.7 times faster when training common large language models than the H100. Intel even says its chip is an average of 1.3 times faster than Nvidia's beefier Nvidia H200 when it comes to inferencing certain language models.
$Alphabet-A (GOOGL.US)$ shares rose by 1.13%, closing at $156.60. Its options trading volume was 0.25 million. Call contracts account for 69.4% of the total trading volume. The most traded calls are contracts of $157.5 strike price that expire on Apr. 12th. The total volume reaches 38,700 with an open interest of 4,395. The most traded puts are contracts of a $150 strike price that expires on Apr. 12th; the volume is 4,392 contracts with an open interest of 3,189.
Unusual Stock Options Activity
Some notable call activity is being seen in $Freeport-McMoRan (FCX.US)$, which is primarily being driven by activity on the April 26 call. Volume on this contract is 13,154 versus open interest of 112.
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Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, Benzinga
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74366961 : Options Market Statistics: Intel Shares and Options Rise After Unveiling Latest AI Chip Amid Intensifying Competition with Nvidia
Zspurr : 4/12 here I come
safri_moomoor : options
Charles Owen Zspurr : INTEL IS TRYING TO DO TOO MUCH!!!
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