Options Market Statistics: SoundHound AI's Earnings Anticipation Spurs SOUN Stock Surge And Options Pop
News Highlights
$SoFi Technologies(SOFI.US$ shares rose by 7.14%, closing at $9.15. Its options trading volume is 0.52 million. Call contracts account for 77.0% of the total trading volume. The most traded calls are contracts of $9 strike price that expire on Mar 1st. The total volume reaches 31,010 with an open interest of 27,984. The most traded puts are contracts of a $8 strike price that expires on May 17th; the volume is 23,517 contracts with an open interest of 1,062.
$Palo Alto Networks(PANW.US$ shares rose by 3.95%, closing at $314.75. Its options trading volume is 0.45 million. Call contracts account for 71.7% of the total trading volume. The most traded calls are contracts of $320 strike price that expire on Mar 1st. The total volume reaches 18,316 with an open interest of 2,176. The most traded puts are contracts of a $300 strike price that expires on Mar 1st; the volume is 12,005 contracts with an open interest of 2,899.
Shares of Palo Alto Networks rose for the second day in a row after Nancy Pelosi disclosed she invested in the cybersecurity firm.
In particular, the former Speaker of the House bought between $500,000 and $1 million worth of call options in PANW, according to a congressional trading form filed by Pelosi. The investment was made on February 12.
Pelosi also revealed acquiring a call option valued between $100,000 and $250,000. This investment was made on February 21, coinciding with a significant drop in the company's shares following a downward revision of its annual revenue and billings forecast.
Over the past six months, Congressional members have engaged in 10 transactions involving PANW stock, with 7 being acquisitions and 3 sales.
$SoundHound AI(SOUN.US$ shares rose by 19.30%, closing at $6.86. Its options trading volume is 0.43 million. Call contracts account for 74.1% of the total trading volume. The most traded calls are contracts of $5 strike price that expire on Mar 1st. The total volume reaches 32,113 with an open interest of 8,502. The most traded puts are contracts of a $6 strike price that expires on Mar 1st; the volume is 12,831 contracts with an open interest of 459.
As the calendar flips to the end of February, all eyes are on SoundHound as it gears up to unveil its fourth-quarter 2023 earnings on February 29. The voice and speech recognition technology company is riding a wave of investor enthusiasm, bolstered by the sector's explosive growth and a notable investment from tech giant Nvidia. This anticipation has led to a significant uptick in SOUN stock, as stakeholders and market watchers eagerly await the release of the company's performance metrics, which are expected to affirm its upward trajectory within the AI domain.
Unusual Stock Options Activity
Some notable put activity is being seen in $United States Steel(X.US$, which is primarily being driven by activity on the April 19th put. Volume on this contract is 13,061 versus open interest of 103.
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Daily Active Index & Sector ETF Options
Source: Barchart, Unusual Whales, Barron's, The Motley Fool
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