We Didn’t Buy Enough Time!

On last week’s call, we discussed putting a new trade on SoundHound AI $SOUN as our current calls are really running out of time.

We still love the setup. It’s the same exact situation as when we put the initial trade on two months ago, but better. 

This coil is truly at the apex of its range. A resolution is imminent. Let’s make sure we have the right exposure for it.

Price is currently sitting around the base breakout zone that coincides with the VWAP from the IPO.

Our volatility squeeze indicator is at the most compressed level in the stock’s history.

Some upside momentum has come into the name over the past few sessions, and it’s starting this week off with yet another follow-through candle.

Here's the play:

We’re buying the $SOUN 1/17/25 $7 calls for approximately $0.30 per contract.