Mixed options sentiment in SoundHound AI (SOUN), with shares up 25c, or 1.57%, near $16.15. Options volume running well above average with 106k contracts traded and calls leading puts for a put/call ratio of 0.41, compared to a typical level near 0.29. Implied volatility (IV30) dropped 1.67 near 88.71,and below the 52wk median, suggesting an expected daily move of $0.90. Put-call skew steepened, indicating increased demand for downside protection, following an upgrade to Buy at Ladenburg.
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Read More on SOUN:
- SoundHound Stock (SOUN) Roars Higher as More Analysts Ride the Bullish Wave
- Bullish flow in SoundHound AI with shares up 15.54%
- 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
