Decoding the Whale Activities Surrounding SoundHound AI
Understanding Whale Activity in SoundHound AI
Financial giants have demonstrated a notable bullish stance on SoundHound AI. Our research into the options history for SoundHound AI (NASDAQ: SOUN) revealed 18 unusual trades, indicating significant interest from major investors.
Diving deeper, the data indicates that 38% of traders maintained a bullish outlook, while 33% took a bearish position. Among the trades we analyzed, 3 were puts valued at $165,155, while 15 were calls totaling $810,611.
Forecasted Price Range
By examining the volume and open interest for these options contracts, it appears that significant market players are predicting a price range for SoundHound AI between $2.0 and $37.0 over the past quarter.
Insights From Volume & Open Interest
Analyzing volume and open interest provides valuable insights into a stock's activity and trader sentiment.
This information can help gauge the liquidity and level of trader interest surrounding SoundHound AI's options at various strike prices.
Below, you'll see an overview of the option volume and interest related to the recent whale activity for SoundHound AI across a strike price span from $2.0 to $37.0 over the last month.
Snapshot of 30-Day Option Volume & Interest
Significant Options Activity:
Summary of Recent Trades
Here are some noteworthy trades involving SOUN:
- Symbol: SOUN | PUT/CALL: CALL | Trade Type: SWEEP | Sentiment: BEARISH | Expiration: 01/17/25 | Price: $4.80 | Total Trade Price: $121.1K | Open Interest: 12.9K | Volume: 537
- Symbol: SOUN | PUT/CALL: CALL | Trade Type: TRADE | Sentiment: NEUTRAL | Expiration: 04/17/25 | Price: $7.01 | Total Trade Price: $105.1K | Open Interest: 1.7K | Volume: 378
- Symbol: SOUN | PUT/CALL: PUT | Trade Type: SWEEP | Sentiment: NEUTRAL | Expiration: 01/03/25 | Price: $1.43 | Total Trade Price: $71.5K | Open Interest: 1.9K | Volume: 979
- Symbol: SOUN | PUT/CALL: PUT | Trade Type: TRADE | Sentiment: BULLISH | Expiration: 01/17/25 | Price: $3.45 | Total Trade Price: $68.6K | Open Interest: 1.4K | Volume: 242
- Symbol: SOUN | PUT/CALL: CALL | Trade Type: TRADE | Sentiment: BEARISH | Expiration: 12/27/24 | Price: $13.61 | Total Trade Price: $68.0K | Open Interest: 804 | Volume: 50
About SoundHound AI
SoundHound AI Inc stands at the forefront of conversational intelligence, pioneering a standalone Voice AI platform that empowers businesses to craft high-quality conversational experiences for their customers.
With a focus on the options trading patterns of SoundHound AI, we now pivot our attention to the company itself, exploring its current market stance and performance.
Current Standing of SoundHound AI
- The current volume for SOUN is 23,665,620, with a share price down by -4.79% at $23.07.
- RSI indicators suggest that the underlying stock may be overbought, indicating a potential correction.
- The next earnings announcement is anticipated in 62 days, which often influences stock movement.
Expert Insights on SoundHound AI
In recent evaluations, two experts have provided insights on this stock, with an average target price set at $24.0.
Can a $1000 investment grow to $1270 in just 20 days?
A seasoned options trader with a two-decade track record introduces a one-line chart technique that illustrates optimal buy and sell timings. Following his strategies, which have historically yielded a 27% average profit every 20 days, could be fruitful.
An analyst from Wedbush maintains an Outperform rating on SoundHound AI with a target price of $22, while another from HC Wainwright & Co. has rated it as a Buy, projecting a target price of $26.
Trading in options carries inherent risks, yet it can offer considerable rewards. Savvy traders mitigate these risks through continuous education, tactical adaptation, monitoring diverse indicators, and staying updated on market trends. Keep abreast of all pertinent SoundHound AI options activities with timely alerts.
Frequently Asked Questions
What does the recent trading data for SoundHound AI show?
The recent options trading data indicates substantial interest, with a mix of bullish and bearish sentiments among traders.
What is the forecasted price range for SoundHound AI?
Major investors are currently focusing on a price range between $2.0 and $37.0 for SoundHound AI over the past quarter.
What are the current market indicators for SoundHound AI?
The stock is down -4.79% at $23.07, and RSI indicators suggest it may be overbought.
What target prices do experts set for SoundHound AI?
Experts have forecasted an average target price of $24.0, with one indicating a potential high of $26.0.
How does options trading affect SoundHound AI?
Options trading introduces both potential rewards and risks, impacting the overall liquidity and investor interest in SoundHound AI.
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Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
