Mixed options sentiment in SoundHound AI with shares down 6.6%

Mixed options sentiment in SoundHound AI (SOUN), with shares down 84c near $11.96. Options volume running well above average with 163k contracts traded and calls leading puts for a put/call ratio of 0.22, compared to a typical level near 0.25. Implied volatility (IV30) is higher by 0.2 points near 101.06,and above the 52wk median, suggesting an expected daily move of $0.76. Put-call skew steepened, indicating increased demand for downside protection, following a downgrade to Neutral at Piper Sandler.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.