Understanding SoundHound AI's Recent Options Activity Insights
SoundHound AI's Options Activity Overview
Investors with deep pockets have recently shown a bearish sentiment towards SoundHound AI (NASDAQ: SOUN), a trend that market participants need to pay attention to. Our analysis of public options data brings this significant movement to light. Although the identities of the investors are unclear, such notable action within SOUN typically hints at impending developments.
Unusual Options Movement
Today, our observations indicated that there were 11 extraordinary options activities recorded for SoundHound AI. This level of activity is certainly not ordinary, reflecting a vibrant interest in the options market around this company.
Investor Sentiment Breakdown
The sentiment among key investors is quite divided, with 18% expressing bullish tendencies while an overwhelming 72% lean bearish. Specifically, there are 3 notable puts valued at $93,656 and 8 calls totaling $270,808. This mix of activities leads us to consider what lies ahead for SoundHound AI.
Projected Price Range
Based on analysis of the trading activity, significant investors are setting their sights on a price range for SoundHound AI between $11.00 and $20.00 over the past three months. Such projections can indicate where the market might be heading.
Recent Trading Statistics
In the current trading context, the average open interest for SoundHound AI options is recorded at 6629.27, with total volumes reaching 16,614.00. The recent data showcases the trends in both call and put option volumes, specifically regarding high-value trades situated between the defined strike prices within the last 30 days.
Last 30 Days: Options Activity Analysis
During the last month, there have been several noteworthy options activities relevant to SoundHound AI:
Highlights from the Options Activity
Here are some highlighted trades involving SoundHound AI:
- Symbol: SOUN | Type: CALL | Trade Type: TRADE | Sentiment: BEARISH | Expiration Date: 01/16/26 | Price: $2.05
- Symbol: SOUN | Type: PUT | Trade Type: TRADE | Sentiment: BEARISH | Expiration Date: 10/17/25 | Price: $1.23
- Symbol: SOUN | Type: CALL | Trade Type: SWEEP | Sentiment: BULLISH | Expiration Date: 10/17/25 | Price: $0.35
- Symbol: SOUN | Type: CALL | Trade Type: TRADE | Sentiment: BEARISH | Expiration Date: 01/15/27 | Price: $3.51
- Symbol: SOUN | Type: CALL | Trade Type: SWEEP | Sentiment: BEARISH | Expiration Date: 10/17/25 | Price: $1.72
Profile of SoundHound AI
SoundHound AI Inc. is pioneering the field of conversational intelligence by providing an independent Voice AI platform that allows businesses from various sectors to offer exceptional conversational experiences. Their voice AI yields speed and accuracy in multiple languages, catering to entities involved in retail, financial services, healthcare, automotive, smart devices, and dining through innovative products like Smart Answering, Smart Ordering, and Amelia AI Agents.
Current Market Status of SoundHound AI
As of now, with a trading volume of 42,048,296, the price of SOUN stands at $12.93, reflecting a decline of -3.64%. Market indicators suggest that the stock is nearing overbought territory, which could provoke some shifts in trading behavior. Investors are also anticipating the next earnings report which is due soon.
Market Analyst Insights
Recently, two professional analysts have evaluated SOUN, giving an average price target of $16.00. Notably, an analyst from Wedbush maintains an Outperform rating, while another from Ladenburg Thalmann upgraded their stance to Buy, also moving the price target to $16.
Options Trading and Its Implications
Trading options presents a higher risk compared to traditional stock trading; however, it also allows for greater profit potential. Experienced options traders often mitigate their risks through continuous education and strategic trade management.
Frequently Asked Questions
What is SoundHound AI's ticker symbol?
SoundHound AI's ticker symbol is SOUN, and it is traded on the NASDAQ.
What recent options activity has been noted for SOUN?
There have been observations of unusual options activities for SOUN, with a notable increase in bearish sentiment.
What is SoundHound AI known for?
SoundHound AI is an innovator in conversational intelligence and provides an independent Voice AI platform to enhance customer experiences across various industries.
What is the current standing of SOUN stocks?
The current price of SOUN stocks stands at $12.93, having dropped by -3.64% recently.
What do market analysts think about SOUN's future?
Analysts have forecasted a price target of around $16.00 for SoundHound AI based on current evaluations.
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