Financial giants have made a conspicuous bullish move on SoundHound AI. Our analysis of options history for SoundHound AI SOUN revealed 10 unusual trades.
Delving into the details, we found 80% of traders were bullish, while 20% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $234,862, and 5 were calls, valued at $235,983.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $3.0 to $15.0 for SoundHound AI over the recent three months.
Volume & Open Interest Development
In today's trading context, the average open interest for options of SoundHound AI stands at 3519.86, with a total volume reaching 5,752.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in SoundHound AI, situated within the strike price corridor from $3.0 to $15.0, throughout the last 30 days.
SoundHound AI Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SOUN | CALL | SWEEP | BULLISH | 03/28/24 | $4.00 | $78.0K | 1.8K | 336 |
| SOUN | PUT | SWEEP | BEARISH | 01/17/25 | $15.00 | $74.8K | 306 | 231 |
| SOUN | CALL | SWEEP | BULLISH | 01/17/25 | $5.00 | $60.8K | 3.8K | 239 |
| SOUN | PUT | TRADE | BULLISH | 01/17/25 | $15.00 | $50.1K | 306 | 125 |
| SOUN | PUT | TRADE | BULLISH | 01/17/25 | $15.00 | $49.9K | 306 | 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
SoundHound AI's Current Market Status
- With a volume of 37,364,091, the price of SOUN is up 3.51% at $6.19.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 58 days.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for SoundHound AI with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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