Financial giants have made a conspicuous bearish move on SoundHound AI. Our analysis of options history for SoundHound AI SOUN revealed 10 unusual trades.
Delving into the details, we found 20% of traders were bullish, while 80% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $90,000, and 8 were calls, valued at $462,871.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $1.0 and $7.0 for SoundHound AI, spanning the last three months.
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 $1.0 to $7.0 over the preceding 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 | SWEEP | BEARISH | 03/01/24 | $4.00 | $100.2K | 3.6K | 4.8K |
| SOUN | CALL | SWEEP | BEARISH | 01/17/25 | $7.00 | $93.4K | 4.7K | 1.2K |
| SOUN | CALL | SWEEP | BEARISH | 01/17/25 | $7.00 | $88.5K | 4.7K | 2.2K |
| SOUN | PUT | SWEEP | BULLISH | 03/01/24 | $3.50 | $60.0K | 96 | 1.0K |
| SOUN | CALL | SWEEP | BEARISH | 02/23/24 | $3.50 | $56.3K | 5.2K | 1.6K |
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.
Present Market Standing of SoundHound AI
- Trading volume stands at 54,271,417, with SOUN's price down by -1.33%, positioned at $3.71.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 13 days.
What The Experts Say On SoundHound AI
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $4.0.
- In a cautious move, an analyst from Ladenburg Thalmann downgraded its rating to Buy, setting a price target of $4.
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.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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