I'm sure you would attest to the fact that trading can be very difficult at
times. Sometimes option traders can lose their way and have trouble figuring out
how to get back on track. Here is a trade idea that might navigate them back to
where they want to be. Garmin (NASDAQ: GRMN ) is synonymous with global
positioning systems. The stock is up over 23% year-to date and has recently
reached a new 52-week high. The demand for standalone GPS systems may be waning,
but the company continues to develop new projects like apps for the iPad 2.
Technically, the stock has been on a slow rise form the beginning of October
and, as mentioned above, set a new high. The stock is approaching a high it set
back in March 2010, which was $40.47. Right now it looks like GRMN can map out
the way to the land of profitability. Here's how you can play it… The trade:
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