Commit To Buy SoundHound AI At $2.50, Earn 26% Using Options
July 19, 2024 at 12:07 PM EDT
Investors considering a purchase of SoundHound AI Inc (SOUN) stock, but tentative about paying the going market price of $5.03/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 $2.50 strike, which has a bid at the time of this writing of 65 cents..