Just when you thought the market would be heading lower, it produces its best week of the year of 2012. It’s funny how stocks suddenly showed some signs of life after being beaten up a week earlier.

Here’s a trade idea on a stock that has been pretty solid in regard to heading higher for most of 2012. It might just be able to boost your portfolio, as well as your energy level.

Monster Beverage (NASDAQ:MNST — $76.10): Long Calls

The trade: Buy the July 77.5 calls for 3.40 or less.

The strategy: Buying a call is considered a bullish strategy. The trade can profit when the stock rises and the call premium increases to an amount that was more than was paid. Maximum profit is unlimited because MNST can continue to rise, and the maximum loss is $3.40 if MNST finishes below $77.50 at July expiration. Breakeven is at $80.90 at expiration.

The rationale: MNST develops, markets and sells alternative beverages in the U.S. and internationally. The company has multiple strengths such as solid revenue growth and an overall impressive financial position with reasonable debt levels. In other words, business has been pretty good and well managed.

Technically, the stock has been stuck below the $75 area for about a month. Just recently it was able to trade above that area but wasn’t able to close above it until Friday. What’s nice about the possibilities on MNST moving higher is that it was setting higher pivot lows before the attempted breakout. If MNST can hold $75, it might just turn into a beast that wants to move way higher.