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Thinking now would be a good entry point for soun?

Posted on 1/29/25 at 4:09 pm
Posted by tigerbacon
Arkansas
Member since Aug 2010
4190 posts
Posted on 1/29/25 at 4:09 pm
Thoughts? Reading good things about it, low competition for what they do with all their patents, and hearing they should double this year?
Posted by bayoubengals88
LA
Member since Sep 2007
21361 posts
Posted on 1/29/25 at 5:51 pm to
The volume says 12-14 is a big support level. Should be a fine entry.
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1746 posts
Posted on 1/29/25 at 6:24 pm to
I’d prefer a stop run under 12.59 but would take a break on good volume over trend.
Posted by el Gaucho
He/They
Member since Dec 2010
56939 posts
Posted on 1/29/25 at 6:57 pm to
Soun is fake baw


So is ai


I hope aol made some money selling off smarterchild to Sam Altman
Posted by bigjoe1
Member since Jan 2024
913 posts
Posted on 1/29/25 at 7:06 pm to
If you're good with a 12-14 entry, maybe sell some 13 puts. The 2/7's with a 13 strike finished with a .55 bid and the 2/14 were bid at .85. you get assigned and the cost basis is around 12.5 to 12.15.
Posted by bayoubengals88
LA
Member since Sep 2007
21361 posts
Posted on 1/29/25 at 7:49 pm to
quote:

If you're good with a 12-14 entry, maybe sell some 13 puts. The 2/7's with a 13 strike finished with a .55 bid and the 2/14 were bid at .85. you get assigned and the cost basis is around 12.5 to 12.15.
Posted by bigjoe1
Member since Jan 2024
913 posts
Posted on 1/29/25 at 10:37 pm to
Here's my SOUN situation
You mentioned it first of the year and it looked interesting. I sold a couple of 12 puts for .80 and they expired. Soun rallies hard and on the way down I short 15 puts with a1/17 expiration and get assigned. On 1/21 I sold 15 calls at $1.03 that expire Friday.
Plan is if I get called out, immediately sell another set of puts with a 14 or 15 strike and if the calls expire I'll resell a 15 or 16 strike.
Wouldn't mind if it stays kind of range bound for awhile. Lot of volatility in the atm or near atm strikes.
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