Calls Purchased on Garmin Ltd. (GRMN)

Shares of Garmin Ltd. GRMN are higher on the session by 1.52%, currently trading at $33.07. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 20-day moving averages. Options traders are buying calls on the name today. A short while ago the February 2011 $34.00 call was purchased 2,700 times, on the offer, on open interest of 954 contracts. The Feb 2011 $33.00 call also traded 1,000 times on open interest of 2,316 contracts. Overall call volume is now running at 2.99x the daily average with 64% of all calls traded being purchases on the offer. Garmin Ltd. is a provider of navigation, communication and information devices and applications, which are enabled by global positioning system (GPS) technology.