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SOUNSoundHound AI, Inc. Class A Common Stock

Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE
Market Cap $2.8B|NASDAQ
● 2026-09-11$6.26
BULLISH
Analysis: 2026-09-10 EOD data
1Y -55.7%YTD -40.9%7D -7.1%
33,103
30D
±8.6%
8%

SOUN Options Overview

unusual activity. No clear edge detected.

REWARDS

RISK ANALYSIS

5.5VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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SOUN Gamma Walls

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Value

Is IV priced right?

7.0
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 50.0% — elevated vs history

<1.05x

IV/HV 1.00x — IV ≤ HV

Sector Relative≤50%

Sector percentile 50% — below sector median

<1.1x

Front/Back 1.00x — flat

<1.25x

Put/Call IV 1.00x — normal

<80%

ATM IV 0.0% — normal range

<80%

Effective IV 18.2% (ATM 0.0% + spread 9.1% + bias) — excellent value

<3.0%

Total drag 14.77% (spread 9.11% + slippage 5.66%) — high friction

≥5.0

Vega efficiency 0.00 (vega 0.000 / spread 9.11%) — spread drag

Sentiment

Bullish or bearish?

5.8
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Strong signal (Conviction: -21%, Raw: -20%)
|net sentiment| ≥25%

Conviction-weighted: -21% (bearish) — Raw: -20%

≥15%

|OI skew| 48.6% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +57.3%, OI skew +48.6% — aligned

≥2/3 conditions

0-DTE 26%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: -19%, ATM: +46%, OTM: -27% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 25% — very bullish vs sector

Activity

Unusual activity?

4.3
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.7x avg — normal

≥15%

Vol/OI 5.7% — normal turnover

≥2 days

1 day(s) elevated — may be one-day event

≥5%

OI change -0.6% (5d) — stable

Sector Relative≥60%

Sector activity percentile 78% — active vs sector

≥30%

Large trade volume 26% — mixed

≥60%

Aggressive execution 58% — patient

≥30

Conviction -21 (bearish) — mixed

Liquidity

Can I trade efficiently?

5.3
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks5/8 checks passed
≤5.0%

Spread 9.1% — wide

≥10,000

OI 581,050 — deep

≥500

Volume 33,103/day — active

≤$0.50

$0.46 to cross — cheap

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 0% — much tighter than sector

≥100 contracts

Depth 685.1 contracts (bid:353.6 ask:331.5) — deep

<1.0%

Avg slippage 5.66% — poor

Timing

Is now a good time?

5.3
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks3/9 checks passed
|slope| ≥5%

Slope +0.0% — flat/unclear

<30 or >70

IV percentile 50% — neutral

≥10pts kink

IV kink 0.0pts — no clear event

<0.5 or >2.0

θ/ν ratio 1.00 — favors mixed

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

caution advised: FOMC in 5d; CPI in 0d (HIGH)

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -21% @ 61% consistency — unclear

≥40 composite score

Score 56 (ITM 20% + inst 26%) — moderate institutional

Directional Strategy Fit

Option Buyers
Long Calls6.5
bullishIV cheap, mixed flow
Long Puts5.5
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.8
bullishIV too cheap, mixed flow
Covered Call4.2
bearishIV too cheap, mixed flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Sep 7, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on SOUN

SOUN gamma wallsSOUN option chainSOUN max painSOUN IV rankSOUN put/call ratioSOUN options flow