$SOUN, Halloween Expy, Jade Lizard Trade, (Neutral-ish)SoundHound AI, Inc.BATS:SOUNzach6667SOUN CALL CREDIT SPREAD, above price: +1 Buy SOUN $19.5 Call 10/31 -1 Sell SOUN $18.5 Call 10/31 SHORT PUT, below price: -1 Sell SOUN $13.5 Put 10/31 Credit to open: Approx $225 (TBD) END RESULT SCENARIO #1: Share price between $18.5 and $13.5 @ expiration = Credit to open is max profit (best case scenario). END RESULT SCENARIO #2: Share price above $19.5 @ expiration = Credit to open minus $100 (no risk to upside). 3) END RESULT SCENARIO #3: Share price at or below $13.5 = Assigned to purchase 100 shares for around $11 per share. The result is now you own 100 shares at an avg cost of ~$11.25 per share, (if that happens, you then sell calls until you're assigned at a credit exceeding your avg cost).