GRMN

Discussion in 'Options' started by oldnemesis, Feb 17, 2016.

  1. http://finance.yahoo.com/news/garmin-beats-4q-profit-forecasts-124215122.html

    http://finance.yahoo.com/news/heres-why-garmin-grmn-stock-175505227.html

    http://finance.yahoo.com/news/garmin-beats-strong-demand-fitness-125446274.html

    http://stockcharts.com/h-sc/ui?s=grmn

    Trade:
    With GRMN at 40.25
    Jul 32.5/30 bull put spread for a net credit of $37
    Yield = 37/213 = 17.4% in 149 days or 42.5% annualized

    Price.......... Profit / Loss.......... ROM %
    22.50.............. (213.00)............ -82.60%
    27.84.............. (213.00)............ -82.60%
    30.00.............. (213.00)............ -82.60%
    32.13.................. 0.00................. 0.00%
    32.50................ 37.00................ 17.40%
    33.46................ 37.00................ 17.40%
    39.08................ 37.00................ 17.40%
    44.69................ 37.00................ 17.40%
    50.31................ 37.00................ 17.40%

    Last time I took a plane I peeked into the cabin while we were loading and there right in the middle of the instrument panel was a Garmin GPS... looked just like the one I have mounted on my windshield.

    This trade filled in less than a second.

    :)
     
    Last edited: Feb 17, 2016
  2. i have a Garmin on my dashboard, in a holder

    but i wouldn't buy one again;
    probably use a smart phone, which i don't yet own

    marc
    :cool:
     
  3. I have had a gps on my cell phone for years but I have never used it. I wouldn't mount my cell phone on my windshield so I can see it when I drive. I think it's better to have a dedicated device mounted on the car and used just for that purpose and keep your cell phone in your pocket in case someone calls you.

    :)