Investors with a lot of money to spend have taken a bearish stance on SoundHound AI SOUN.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SOUN, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for SoundHound AI.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $26,558, and 7, calls, for a total amount of $261,753.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $18.0 for SoundHound AI over the last 3 months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in SoundHound AI's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to SoundHound AI's substantial trades, within a strike price spectrum from $10.0 to $18.0 over the preceding 30 days.
SoundHound AI Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SOUN | CALL | TRADE | BULLISH | 04/17/25 | $4.25 | $4.2 | $4.25 | $13.00 | $46.3K | 1.5K | 109 |
| SOUN | CALL | SWEEP | BEARISH | 02/21/25 | $4.7 | $4.55 | $4.63 | $10.00 | $45.9K | 745 | 211 |
| SOUN | CALL | SWEEP | BEARISH | 01/17/25 | $0.61 | $0.57 | $0.58 | $14.50 | $45.3K | 8.5K | 1.6K |
| SOUN | CALL | SWEEP | BULLISH | 03/21/25 | $1.95 | $1.8 | $1.94 | $18.00 | $38.8K | 67 | 223 |
| SOUN | CALL | TRADE | BEARISH | 01/24/25 | $2.36 | $2.35 | $2.35 | $13.00 | $29.3K | 2.8K | 385 |
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
SoundHound AI's Current Market Status
- Currently trading with a volume of 40,668,039, the SOUN's price is up by 0.43%, now at $14.03.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 41 days.
What Analysts Are Saying About SoundHound AI
3 market experts have recently issued ratings for this stock, with a consensus target price of $20.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from HC Wainwright & Co. persists with their Buy rating on SoundHound AI, maintaining a target price of $26. * Reflecting concerns, an analyst from HC Wainwright & Co. lowers its rating to Buy with a new price target of $26. * An analyst from Northland Capital Markets has decided to maintain their Market Perform rating on SoundHound AI, which currently sits at a price target of $8.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for SoundHound AI, Benzinga Pro gives you real-time options trades alerts.
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