Bullish Case: Himax's strong positioning in AI and automotive sectors, along with potential gains from strategic partnerships and 3D sensing tech, suggests upside potential. Increasing demand in these domains supports growth prospects.

Bearish Case: High implied volatility and recent price declines indicate market skepticism. Supply chain issues and competitive pressures could hinder performance, while economic uncertainties may exacerbate downside risk.

Potential Outcomes:

1) 50% chance of successful product reception leading to +10% price.

2) 35% chance of moderate market reception, flat price.

3) 15% chance of underperformance leading to -5% price.

Trading Oracle:

Given the current high implied volatility and increased call option volume, consider a Bullish Long Volatility strategy by buying call options at lower strikes and selling fewer at higher strikes. This leverages optimism in tech and strategic partnerships. With notable implied volatility diff, it capitalizes on expected market movements, targeting a balanced risk-to-reward scenario.

March 14, 2025