Whales with a lot of money to spend have taken a noticeably bearish stance on SoundHound AI.
Looking at options history for SoundHound AI SOUN we detected 20 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 45% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $782,901 and 12, calls, for a total amount of $609,727.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $5.5 to $26.0 for SoundHound AI over the recent three months.
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 $5.5 to $26.0 in the last 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 | PUT | SWEEP | BEARISH | 03/21/25 | $4.9 | $4.85 | $4.9 | $18.00 | $356.7K | 25 | 1.0K |
| SOUN | CALL | SWEEP | BULLISH | 04/17/25 | $5.1 | $5.05 | $5.1 | $12.00 | $190.7K | 2.5K | 52 |
| SOUN | PUT | SWEEP | BEARISH | 03/21/25 | $4.9 | $4.85 | $4.9 | $18.00 | $133.2K | 25 | 303 |
| SOUN | PUT | TRADE | NEUTRAL | 01/24/25 | $8.6 | $8.4 | $8.5 | $24.00 | $127.5K | 313 | 163 |
| SOUN | CALL | SWEEP | BULLISH | 03/21/25 | $3.35 | $3.25 | $3.35 | $15.00 | $60.3K | 592 | 499 |
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
Present Market Standing of SoundHound AI
- With a trading volume of 65,236,287, the price of SOUN is up by 12.75%, reaching $15.38.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 37 days from now.
Professional Analyst Ratings for SoundHound AI
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target 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. * Reflecting concerns, an analyst from HC Wainwright & Co. lowers its rating to Buy with a new price target of $26. * Consistent in their evaluation, an analyst from HC Wainwright & Co. keeps a Buy rating on SoundHound AI with a target price of $26. * Maintaining their stance, an analyst from Northland Capital Markets continues to hold a Market Perform rating for SoundHound AI, targeting a price 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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