Call Buying Heats Up On Himax Technologies, Inc. (ADR) (HIMX)

Himax Technologies, Inc. (ADR) has rallied nearly 6% this afternoon

Digital Content Group
Dec 9, 2014 at 2:39 PM
facebook X logo linkedin


Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) has surged 5.9% to trade at $8.29. Meanwhile, option traders have set their sights on calls, which are crossing at nearly triple the usual intraday pace, and more than five times the rate of puts. Short-term strikes are apparently in demand, too, based on HIMX's 30-day at-the-money implied volatility -- up 2.2% to 63%.

Accordingly, the LCD name's most active option is the deep in-the-money December 6 call, where 4,390 contracts are on the tape. The vast majority have traded at the ask price, volume edges out open interest, and Trade-Alert confirms newly bought bullish bets.

As alluded to, these HIMX calls are already in the money. However, for the traders to profit at expiration -- specifically, at the close on Friday, Dec. 19 -- the shares must be sitting above breakeven at $8.19, or the strike plus the volume-weighted average price of $2.19. Gains are theoretically unlimited north of this mark, while the most the speculators can lose is the initial premium paid, should the equity settle below the strike at expiration.

Based on today's rally, the Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) call buyers are already staring at some -- albeit minor -- paper profits. Currently, the December 6 call is being bid at $2.25.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI