Options Trading Activity Surge in SOUN, BBY, and DAKT Stocks

Market Insights: In a notable surge, SoundHound AI Inc (SOUN) leads options trading with over 222k contracts today, along with significant activity in Best Buy Inc (BBY) and Daktronics Inc (DAKT).

Date: 28-02-2025

AI Rating: 6

**Options Trading Activity Overview**

The report outlines significant options trading volumes for three companies: SoundHound AI Inc (SOUN), Best Buy Inc (BBY), and Daktronics Inc (DAKT). Each company is seeing notable options activity which may indicate investor sentiment and potential volatility in their stock prices.

**SoundHound AI Inc (SOUN)**

SOUN has witnessed an impressive total volume of 222,339 contracts traded, which is about 22.2 million underlying shares. This constitutes approximately 46.5% of its average daily trading volume over the past month (47.8 million shares). Such high volume might suggest bullish sentiment among options traders, particularly for the $10 strike call option.

**Best Buy Inc (BBY)**

In the case of BBY, the options trading volume reached 12,038 contracts, equating to around 1.2 million underlying shares, or 46.1% of the stock's average daily volume of 2.6 million shares. This strong activity could reflect mixed sentiment, especially given the notable trading in the $80 strike put option, which may indicate bearish speculation.

**Daktronics Inc (DAKT)**

Lastly, DAKT’s options activity showed 1,422 contracts traded, representing approximately 142,200 underlying shares. This accounts for about 45.6% of the average daily trading volume (312,145 shares). The activity highlights potential investor caution as indicated by the trading in $15 strike put options.

Overall, the significant options volumes across these three companies may lead to increased volatility in their stock prices in the near term, influenced by investor sentiment reflected through options trading patterns. However, specific metrics like EPS, revenue, or profit margins were not detailed in the provided report, leaving gaps in financial performance assessment.

Stocks: SOUN BBY DAKT