Deep-pocketed investors have adopted a bearish 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 52 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 40% leaning bullish and 46% bearish. Among these notable options, 32 are puts, totaling $5,653,314, and 20 are calls, amounting to $1,938,820.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $4.0 to $25.0 for SoundHound AI over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for SoundHound AI options trades today is 3069.4 with a total volume of 70,026.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for SoundHound AI's big money trades within a strike price range of $4.0 to $25.0 over the last 30 days.
SoundHound AI 30-Day Option Volume & Interest Snapshot
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 | 01/10/25 | $3.7 | $3.55 | $3.7 | $20.00 | $924.2K | 15.2K | 9 |
| SOUN | CALL | SWEEP | BEARISH | 07/18/25 | $9.65 | $9.5 | $9.5 | $8.00 | $855.0K | 1.5K | 901 |
| SOUN | PUT | SWEEP | BEARISH | 01/10/25 | $3.4 | $3.4 | $3.4 | $20.00 | $850.0K | 15.2K | 4.1K |
| SOUN | PUT | SWEEP | BEARISH | 02/21/25 | $2.98 | $2.97 | $2.98 | $16.00 | $759.6K | 1.9K | 2.5K |
| SOUN | PUT | TRADE | BEARISH | 01/10/25 | $3.65 | $3.5 | $3.65 | $20.00 | $547.5K | 15.2K | 4.1K |
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.
Where Is SoundHound AI Standing Right Now?
- With a volume of 62,102,606, the price of SOUN is down -17.22% at $14.88.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 50 days.
Expert Opinions on SoundHound AI
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $24.0.
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. * Consistent in their evaluation, an analyst from HC Wainwright & Co. keeps a Buy rating on SoundHound AI with a target price of $26. * An analyst from Wedbush persists with their Outperform rating on SoundHound AI, maintaining a target price of $22.
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.
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