Financial giants have made a conspicuous bearish move on SoundHound AI. Our analysis of options history for $SoundHound AI (SOUN.US)$revealed 10 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $371,840, and 3 were calls, valued at $137,445.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $2.5 and $11.0 for SoundHound AI, spanning the last three months.
Analyzing 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 $2.5 to $11.0 over the preceding 30 days.
SoundHound AI Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
SOUN | PUT | SWEEP | BEARISH | 04/19/24 | $2.85 | $2.85 | $2.85 | $8.00 | $85.5K | 12.5K | 300 |
SOUN | PUT | TRADE | BEARISH | 04/12/24 | $2.8 | $2.75 | $2.8 | $8.00 | $84.0K | 732 | 300 |
SOUN | CALL | SWEEP | BEARISH | 01/16/26 | $3.1 | $2.9 | $2.9 | $4.00 | $57.4K | 2.4K | 220 |
SOUN | PUT | TRADE | BEARISH | 04/05/24 | $5.8 | $5.1 | $5.8 | $11.00 | $52.7K | 206 | 0 |
SOUN | PUT | SWEEP | BULLISH | 07/19/24 | $1.65 | $1.55 | $1.55 | $5.50 | $46.5K | 615 | 285 |
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.
In light of the recent options history for SoundHound AI, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of SoundHound AI
With a volume of 17,285,154, the price of SOUN is down -1.67% at $5.29.
RSI indicators hint that the underlying stock may be approaching overbought.
Next earnings are expected to be released in 36 days.
What The Experts Say On SoundHound AI
In the last month, 2 experts released ratings on this stock with an average target price of $7.2.
An analyst from Cantor Fitzgerald has revised its rating downward to Underweight, adjusting the price target to $4.
Maintaining their stance, an analyst from DA Davidson continues to hold a Buy rating for SoundHound AI, targeting a price of $9.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.