ARLO putI don't think this one will go much higher above $5.
I bought March $5 put for $0.25, my break-even is $4.75
I will likely close my position before expiration.
set a GTC order at $0.6
ARLO
Arlo too LowArlo Technologies, looks to be playing in a new bull channel. Watching this one close in the nearby with a long position. Will exit position if price breaks purple support meridian for the new channel. For now I think price is headed to retest $10.
ARLO: Trading IdeaARLO delivered some great numbers during the past quarter by extending their new subscription strategy. They expect to have 1 Mil. paid users during the next year but will also see some shortage issues during Q1 & Q2. While I'm long on ARLO (I expect that they get bought at some point from apple or someone else). here is some short term trading idea.
Lets see if ARLO bounce from $2.31 TodayIf ARLO bounce back from $2.31 today ,then we can potentially see it moving back up towards $2.41($2.48) area.
