I should have sold GRMN several months ago but I keep holding on thinking that maybe the holiday season will be good for longs like me. I really don't know what's going to happen tomorrow when GRMN announces earnings. TomTom guided lower and GRMN didn't really participate in the rally today so I'm thinking we could see a significant drop after earnings.

I've never bought a put as "insurance" so this is my first attempt.