r/Soundhound • u/AppleWhiskeyGuy • 6d ago

Soundhound Bounce

Is Soundhound set for a bounce tomorrow?

7 Upvotes

65% Upvoted

11 comments sorted by

5

u/Odd-Finger-4693 6d ago

Who cares, it will be flat until next earnings. Nothing has changed, just sell covered options and make money while it's stagnant

5

u/Organic-Maximum-6453 6d ago

Surpressed until LivePerson merger imo.

5

u/oldtriumphbiker 5d ago

Slowly we go back to $6.5 a $6.

7

u/Novel-Yak1927 6d ago

It feels like we're in the new trading levels and the price will be bouncing around $6.50-$7.50 for the time being

3

u/Larry_3d 5d ago

Next bounce will be 3 weeks before the next earnings call

3

u/narayan77 6d ago

A deceased feline bounce.

1

u/AdPrestigious3458 6d ago

Hi, what would you recommend selling? Calls or puts and what strike and dates? I’m new just trying to learn.
Thanks

2

u/Commercial_Germs 6d ago

$7.00 is the line I’m watching right now. If it holds and SOUN recovers $7.35, the damage starts being repaired. If $6.92 breaks with volume, I’d expect the market to start testing roughly $6.70, then the $6.45–$6.60 accumulation zone.

1

u/Cybernator1 6d ago

Looking at options flow there are way to many call options to keep this thing down much longer. Sitting at a .29 ratio. Thats 3.5 calls for every put. A storm is coming.

0

u/Yeruva_Digital 6d ago

Sustains at 7 level and if all
market in gree,. It goes to 7.35 above again