Commit To Purchase SoundHound AI At $3, Earn 20.3% Using Options
October 31, 2024 at 12:41 PM EDT
Investors considering a purchase of SoundHound AI Inc (SOUN) stock, but cautious about paying the going market price of $5.09/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2026 put at the $3 strike, which has a bid at the time of this writing of 61 cents..
