Moderately bullish activity in SoundHound AI with shares up 2.14%

Moderately bullish activity in SoundHound AI (SOUN), with shares up 20c, or 2.14%, near $9.77. Options volume more than double the daily average with 94k contracts traded and calls leading puts for a put/call ratio of 0.15, compared to a typical level near 0.35. Implied volatility (IV30) is higher by 4.5 points near 119.64, in the highest 10% of observations over the past year, suggesting an expected daily move of $0.74. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: SoundHound AI (SOUN) will report earnings after the close on 2026-05-07.Option markets are pricing in a 50% probability of a move greater than 20.73% or $2.02.