$SOUN 20250919 15.0 PUT$ Overbought? Maybe...$SoundHound AI Inc(SOUN)$ has been on the tear since its latest result announcement, which handily beat expectations. Obviously, looking at the price reaction, Soundhound moves from $9 to $16 within a week...
We have to remember that Soundhound is still very much losing money đ° and it will be some time before we will ever see any profit. Obviously, if Soundhound could continue to win new customers while keeping its cost in check, it might be the next$Palantir Technologies Inc.(PLTR)$ or$Amazon.com(AMZN)$ ! Let's not get overly excited, we are not there yet, There are still a number of tech companies with similar offerings out there, so Soundhound would still need to prove itself.
I am not taking any long shot position on it at this moment. However, there are plentiful of activities on this front, so its options are good platforms for practicing calls/puts option or even straddle strategy. I am running one sided for now, seeing that its principal share price has over-run in the short term and into overbought territory. Just wanted to hone my skills with Soundhound as one of the instruments.
Now, I just need to know when to get off the train đ [Tongue] [Chuckle] [Evil]
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