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Shares of Garmin
GRMN are higher on the session by 2.02%, currently trading at $41.93. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the January 2012 $42.00 put, which has traded 1,700 times on open interest of 10 contracts. The Jan2012 441.00 put also traded 1,000 times on 1,547 contacts.
Put volume is outpacing call volume by 6 to 1.
Garmin Ltd. is a provider of navigation, communication and information devices and applications, which are enabled by global positioning system technology.
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