Deep-pocketed investors have adopted a bullish approach towards SoundHound AI SOUN, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SOUN usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for SoundHound AI. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 2 are puts, totaling $99,300, and 12 are calls, amounting to $803,135.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $3.5 to $15.0 for SoundHound AI over the last 3 months.
Insights into 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 $3.5 to $15.0 in the last 30 days.
SoundHound AI 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SOUN | CALL | TRADE | BEARISH | 04/19/24 | $3.50 | $131.0K | 5.8K | 513 |
| SOUN | CALL | SWEEP | BEARISH | 04/19/24 | $3.50 | $130.0K | 5.8K | 1.0K |
| SOUN | CALL | TRADE | BULLISH | 04/19/24 | $3.50 | $127.5K | 5.8K | 3.0K |
| SOUN | CALL | SWEEP | BULLISH | 04/19/24 | $3.50 | $122.5K | 5.8K | 3.5K |
| SOUN | CALL | SWEEP | BULLISH | 01/17/25 | $10.00 | $72.5K | 7.0K | 510 |
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.
After a thorough review of the options trading surrounding SoundHound AI, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of SoundHound AI
- With a trading volume of 42,514,454, the price of SOUN is up by 10.66%, reaching $6.23.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 62 days from now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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