Bullish flow in SoundHound AI (SOUN), with shares up $2.10, or 15.54%, near $15.65. Options volume more than double the daily average with 329k contracts traded and calls leading puts for a put/call ratio of 0.37, compared to a typical level near 0.29. Implied volatility (IV30) is higher by 2.2 points near 92.07,and below the 52wk median, suggesting an expected daily move of $0.91. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at Ladenburg.
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Read More on SOUN:
- Top Analysts Upgrade SoundHound Stock (SOUN) to ‘Buy’ after Stellar Q2 Results
- Unusually active option classes on open August 11th
- Ladenburg upgrades SoundHound to Buy on voice AI momentum
- SoundHound upgraded to Buy from Neutral at Ladenburg
- SoundHound AI, Inc. Receives Buy Rating Amid Strong Financial Performance and Growth Prospects