Financial giants have made a conspicuous bullish move on SoundHound AI. Our analysis of options history for SoundHound AI SOUN revealed 18 unusual trades.
Delving into the details, we found 38% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $165,155, and 15 were calls, valued at $810,611.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $2.0 to $37.0 for SoundHound AI during the past quarter.
Analyzing Volume & Open Interest
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for SoundHound AI's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of SoundHound AI's whale activity within a strike price range from $2.0 to $37.0 in the last 30 days.
SoundHound AI 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SOUN | CALL | SWEEP | BEARISH | 01/17/25 | $4.95 | $4.8 | $4.8 | $20.00 | $121.1K | 12.9K | 537 |
| SOUN | CALL | TRADE | NEUTRAL | 04/17/25 | $7.1 | $6.9 | $7.01 | $25.00 | $105.1K | 1.7K | 378 |
| SOUN | PUT | SWEEP | NEUTRAL | 01/03/25 | $1.54 | $1.43 | $1.43 | $22.00 | $71.5K | 1.9K | 979 |
| SOUN | PUT | TRADE | BULLISH | 01/17/25 | $3.55 | $3.4 | $3.45 | $23.00 | $68.6K | 1.4K | 242 |
| SOUN | CALL | TRADE | BEARISH | 12/27/24 | $14.65 | $13.3 | $13.61 | $9.50 | $68.0K | 804 | 50 |
About SoundHound AI
SoundHound AI Inc is an innovator of conversational intelligence, offering an independent Voice AI platform that enables businesses across industries to deliver high-quality conversational experiences to customers.
Having examined the options trading patterns of SoundHound AI, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of SoundHound AI
- With a volume of 23,665,620, the price of SOUN is down -4.79% at $23.07.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 62 days.
Expert Opinions on SoundHound AI
In the last month, 2 experts released ratings on this stock with an average target price of $24.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Wedbush keeps a Outperform rating on SoundHound AI with a target price of $22. * Consistent in their evaluation, an analyst from HC Wainwright & Co. keeps a Buy rating on SoundHound AI with a target price of $26.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest SoundHound AI options trades with real-time alerts from Benzinga Pro.
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