Here's Why SoundHound AI Inc. (SOUN) Crashed Today
SoundHound AI Options Spot-On: On January 6th, 247.67K Contracts Were Traded, With 959.83K Open Interest
On January 6th ET, $SoundHound AI(SOUN.US)$ had active options trading, with a total trading volume of 247.67K options for the day, of which put options accounted for 35.61% of the total transactions,
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SoundHound AI Options Spot-On: On January 3rd, 301.8K Contracts Were Traded, With 949.82K Open Interest
On January 3rd ET, $SoundHound AI(SOUN.US)$ had active options trading, with a total trading volume of 301.8K options for the day, of which put options accounted for 35.67% of the total transactions,
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SoundHound AI Options Spot-On: On January 2nd, 180.7K Contracts Were Traded, With 899.51K Open Interest
On January 2nd ET, $SoundHound AI(SOUN.US)$ had active options trading, with a total trading volume of 180.7K options for the day, of which put options accounted for 29.89% of the total transactions,
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The rise of SOUN seems to have a certain degree of randomness, and compared to the APP, it is not that convincing. The core technology is not exclusive; with the price increase by OpenAI, the path to profit is opening up. The problem this company will face in the future is that while revenues may rise, profit margins are decreasing, and it may never be able to achieve profitability.