Investors with a lot of money to spend have taken a bullish stance on SoundHound AI SOUN.
And retail traders should know.
We noticed this today when the trades 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.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 17 uncommon options trades for SoundHound AI.
This isn't normal.
The overall sentiment of these big-money traders is split between 47% bullish and 41%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $478,050, and 10 are calls, for a total amount of $662,817.
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 $8.0 to $17.0 for SoundHound AI during the past quarter.
Insights into 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 $8.0 to $17.0 over the preceding 30 days.
SoundHound AI Option Activity Analysis: 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 | 03/14/25 | $1.72 | $1.68 | $1.72 | $8.00 | $192.9K | 98 | 1.1K |
| SOUN | PUT | TRADE | BEARISH | 03/07/25 | $7.6 | $7.35 | $7.5 | $17.00 | $123.0K | 314 | 300 |
| SOUN | PUT | SWEEP | BEARISH | 03/14/25 | $3.15 | $3.05 | $3.15 | $13.00 | $94.3K | 211 | 301 |
| SOUN | PUT | TRADE | BEARISH | 03/07/25 | $2.45 | $2.44 | $2.45 | $12.00 | $85.7K | 1.4K | 500 |
| SOUN | CALL | SWEEP | BULLISH | 04/17/25 | $0.72 | $0.7 | $0.72 | $12.00 | $72.1K | 6.8K | 3.1K |
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
Where Is SoundHound AI Standing Right Now?
- Trading volume stands at 23,166,665, with SOUN's price down by -7.09%, positioned at $9.43.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 63 days.
Expert Opinions on SoundHound AI
In the last month, 2 experts released ratings on this stock with an average target price of $19.5.
Turn $1000 into $1270 in just 20 days?
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. * Reflecting concerns, an analyst from HC Wainwright & Co. lowers its rating to Buy with a new price target of $26. * Maintaining their stance, an analyst from DA Davidson continues to hold a Buy rating for SoundHound AI, targeting a price of $13.
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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