Moderately bullish activity in SoundHound AI (SOUN), with shares down $1.10 near $17.13. Options volume relatively light with 45k contracts traded and calls leading puts for a put/call ratio of 0.54, compared to a typical level near 0.43. Implied volatility (IV30) is higher by 5.5 points near 124.58,in the top quartile of the past year, suggesting an expected daily move of $1.34. Put-call skew flattened, suggesting a modestly bullish tone.Looking ahead: SoundHound AI (SOUN) will report earnings after the close on None.Option markets are pricing in a 50% probability of a move greater than 0.0% or $0.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SOUN:
- SoundHound AI, Telarus announce strategic partnership
- ‘Outperformance is Coming,’ Says H.C. Wainwright About Soundhound AI Stock – Offers Street-High Price Target
- SoundHound AI (SOUN) vs. Palantir (PLTR): Which AI Stock Should Investors Bet On?
- Insider Trade Alert! SoundHound AI CFO Just Sold $1.28M in Stock — Should Investors Worry?
- Mixed options sentiment in SoundHound AI with shares down 8.43%