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HIMX Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: HIMX may see upward momentum from positive reactions to automotive products and continuous IoT demand. Current implied volatility indicates optimism, suggesting potential for price recovery.



Bearish Case: HIMX faces risks from market skepticism about new product success and potential economic headwinds. High implied volatility reflects uncertainty, which may suppress price movement further.



Potential Outcomes:

1) 55% chance of strong product reception leads to +15% price increase.

2) 30% chance of moderate performance, price remains flat.

3) 15% chance poor market reception results in -5% drop.



Trading Oracle: To capitalize on potential volatility, consider executing a credit spread by selling HIMX $6.00 calls and buying $7.00 calls expiring November 15, 2024. This strategy has a positive edge, high probability of profit and limited risk, playing well into the current market skepticism and high implied volatility.


November 03, 2024


Himax Forecast

HIMX        Himax

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Correlated Assets

Assets that tend to move strongly with HIMX


ENVX Forecast + Options Trading Strategies   ENVX  Enovix (0.74)


HON Forecast + Options Trading Strategies   HON  Honeywell International (0.62)


AOSL Forecast + Options Trading Strategies   AOSL  Alpha & Omega Semiconductor (0.58)


DAC Forecast + Options Trading Strategies   DAC  Danaos (0.58)


LOGI Forecast + Options Trading Strategies   LOGI  Logitech International (0.57)



Uncorrelated Assets

Assets with little price relationship to HIMX


FEZ Forecast + Options Trading Strategies   FEZ  SPDR EURO Stoxx 50 (0.0)


CPNG Forecast + Options Trading Strategies   CPNG  Coupang (-0.0)


RIOT Forecast + Options Trading Strategies   RIOT  Riot Blockchain (0.0)


HE Forecast + Options Trading Strategies   HE  Hawaiian Electric Industries (-0.0)


OCSL Forecast + Options Trading Strategies   OCSL  Oaktree Specialty Lending (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against HIMX


IOVA Forecast + Options Trading Strategies   IOVA  Iovance Biotherapeutics (-0.52)


SKYT Forecast + Options Trading Strategies   SKYT  SkyWater Technology (-0.52)


CLX Forecast + Options Trading Strategies   CLX  Clorox (-0.56)


BLDR Forecast + Options Trading Strategies   BLDR  Builders Firstsource (-0.6)


BAX Forecast + Options Trading Strategies   BAX  Baxter International (-0.68)







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