Aug. 20 at 7:57 PM
🚀
$SOUN OPTIONS ARE GETTING VERY INTERESTING
Look at the positioning:
🔥 60,381 contracts at the
$8 calls
🔥 20,759 at the
$7.50 calls
🔥 10,471 at the
$7 calls
🔥 Huge activity around the
$7–
$9 range
That’s millions of shares of underlying exposure concentrated around these strikes.
Yes, the options are volatile and OI doesn’t tell us whether every contract is long or short but one thing is obvious
The market is heavily positioned around SOUN’s next move.
And we have a major catalyst sitting in the background
LPSN → 97%+ preliminary YES votes
Merger vote → September 2
Only a few percentage points from the required threshold
If SOUN starts reclaiming
$8, the options positioning could get VERY interesting.
Break
$8 →
$8.50 →
$9 and suddenly those calls become a completely different story.
The merger isn’t dead it will be a go on or before 2nd September.
The shareholder support is overwhelmingly positive.
And the options chain is loaded.
Don’t sleep on
$SOUN. 🚀🔥
$LPSN