Himax Technologies Stock Options Expiring on 19th of January 2024

HIMX Stock

USD 7.85 0.00 0.00%

Himax Technologies' latest option contracts expiring on 2024-01-19 are carrying combined implied volatility of 40.72 with a put-to-call open interest ratio of 0.33 over 28 outstanding agreements suggesting investors are buying way more calls than puts on contracts expiring on 2024-01-19. The current put volume is at 29, with calls trading at the volume of 75. This yields a 0.39 put-to-call volume ratio. The Himax Technologies option chain provides detailed quote and price information for the current Himax Technologies option contracts. It shows all of Himax Technologies' listed puts, calls, expiration dates, strike prices, and other pricing information.

Open Interest Against 2024-01-19 Option Contracts

Himax Technologies option prices can potentially be used to forecast stock returns because most option chains provide information not only about the current prices but also about the future conditions in Himax Technologies' lending market. For example, when Himax Technologies' puts are not actively trading or completely missing in the marketplace, investors can use it to internalize expected shorting costs. So if an investor is writing a put option on Himax Technologies, he or she must hedge the risk by shorting Himax Technologies stock over its option's life.

The chart above shows Himax Technologies' distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Himax Technologies' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Himax Technologies' option, there is no secondary market available for investors to trade.

Himax Technologies Maximum Pain Price across 2024-01-19 Option Contracts

Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of particular securities such as Himax Technologies close to expiration to expire worthless. According to most research, approximately 10% to 15% of all stock options are exercised, while about 35% expire worthlessly, with roughly 50% traded out before the expiration date. So, Max pain occurs when market makers reach a net positive position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthless.

Himax Technologies' stock options are financial instruments that give investors the right to buy or sell shares of Himax Technologies common stock at a specified price for a given time period. Generally speaking, an option to purchase or sell Himax stock makes it part of the underlying stock when the option's price is tied to the movement of the underlying stock. If Himax Technologies' stock price goes up or down, the stock options follow.

Please check Risk vs Return Analysis.

Please note that buying 'in-the-money' options on Himax Technologies lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Himax Technologies' value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Himax Technologies contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Himax Stock moves the wrong way.

Net Income Common Stock is likely to rise to about 255.7 M in 2023

Himax Technologies In The Money Call Balance

When Himax Technologies' strike price is surpassing the current stock price, the option contract against Himax Technologies stock is said to be in the money. When it comes to buying Himax Technologies' options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.

While 'out-of-the-money' option contracts written on Himax Technologies are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.

Himax Current Options Market Mood

Himax Technologies' open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Himax Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.

Put-to-Call Open Interest

Put-to-Call Volume

Most options investors, including buyers and sellers of Himax Technologies' calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Himax Technologies' option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction. Using current Himax Technologies' option volume and open interest to make an investment decision is considered a contrarian-sentiment measure that can be utilized in many timing strategies in both derivative and spot marketplace.

Rule 16 of the current Himax contract

Base on the Rule 16, the options market is currently suggesting that Himax Technologies will have an average daily up or down price movement of about 2.54% per day over the life of the 2024-01-19 option contract. With Himax Technologies trading at USD7.85, that is roughly USD0.2. If you think that the market is fully incorporating Himax Technologies' daily price movement you should consider buying Himax Technologies options at the current volatility level of 40.72%. But if you have an opposite viewpoint you should avoid it and even consider selling them.

Himax Technologies Valuation Risk

Himax Technologies Option Chain

When Himax Technologies' strike price is surpassing the current stock price, the option contract against Himax Technologies stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.

2023-04-21 2023-05-19 2023-06-16 2023-09-15 2024-01-19 2025-01-17

Himax Technologies' option chain is a display of a range of information that helps investors for ways to trade options on Himax. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Himax. It also shows strike prices and maturity days for a Himax Technologies against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone.

		Delta	Gamma	Open Int	Expiration	Current Spread	Last Price
Call	2024-01-19 CALL at $1.0	0.9762	0.0023	6	2024-01-19	5.6 - 8.0	0.0	In
Call	2024-01-19 CALL at $3.0	0.8969	0.0162	79	2024-01-19	4.4 - 5.0	4.8	In
Call	2024-01-19 CALL at $4.0	0.9117	0.0259	182	2024-01-19	3.6 - 4.0	4.0	In
Call	2024-01-19 CALL at $5.0	0.8582	0.0468	2123	2024-01-19	2.65 - 3.1	2.56	In
Call	2024-01-19 CALL at $8.0	0.4744	0.1171	1631	2024-01-19	0.85 - 1.05	0.85	Out
Call	2024-01-19 CALL at $10.0	0.2379	0.1022	3688	2024-01-19	0.2 - 0.55	0.35	Out
Call	2024-01-19 CALL at $12.0	0.1308	0.0671	1166	2024-01-19	0.05 - 0.3	0.2	Out
Call	2024-01-19 CALL at $15.0	0.0689	0.0379	1661	2024-01-19	0.05 - 0.25	0.09	Out
Put	2024-01-19 PUT at $3.0	-0.0257	0.0142	124	2024-01-19	0.0 - 0.05	0.05	Out
Put	2024-01-19 PUT at $4.0	-0.0632	0.0331	480	2024-01-19	0.1 - 0.15	0.15	Out
Put	2024-01-19 PUT at $5.0	-0.1594	0.0536	230	2024-01-19	0.1 - 0.9	0.35	Out
Put	2024-01-19 PUT at $8.0	-0.4535	0.1014	1743	2024-01-19	1.5 - 2.0	1.6	In
Put	2024-01-19 PUT at $10.0	-0.5468	0.0761	1214	2024-01-19	2.6 - 4.5	2.95	In
Put	2024-01-19 PUT at $12.0	-0.6103	0.0644	433	2024-01-19	4.3 - 6.4	4.9	In
Put	2024-01-19 PUT at $15.0	-0.7182	0.0528	92	2024-01-19	6.5 - 9.4	7.7	In
Put	2024-01-19 PUT at $17.0	-0.7191	0.048	45	2024-01-19	7.9 - 12.0	0.0	In
Put	2024-01-19 PUT at $20.0	-0.7324	0.0429	16	2024-01-19	10.8 - 15.0	14.8	In
Put	2024-01-19 PUT at $22.0	-0.7321	0.0405	0	2024-01-19	12.8 - 17.0	0.0	In
Put	2024-01-19 PUT at $25.0	-0.7983	0.0351	0	2024-01-19	15.3 - 20.0	0.0	In
Put	2024-01-19 PUT at $30.0	-0.7951	0.0323	1	2024-01-19	20.3 - 25.0	22.6	In

Himax Technologies Net Income Common Stock Over Time

The amount of net income (loss) for the period due to common shareholders. Typically differs from Net Income to the parent entity due to the deduction of Preferred Dividends.

Net Income Common Stock

Timeline

Himax Technologies Historical Liabilities

While analyzing the current debt level is an essential aspect of forecasting the current year budgeting needs of Himax Technologies, understanding its historical liability is critical in projecting Himax Technologies' future earnings, especially during periods of low and high inflation and deflation. Many analysts look at the trend in assets and liabilities and evaluate how Himax Technologies uses its financing power over time.

Himax Technologies Investors Sentiment

The influence of Himax Technologies' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Himax. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.

Investor biases related to Himax Technologies' public news can be used to forecast risks associated with investment in Himax. The trend in average sentiment can be used to explain how an investor holding Himax can time the market purely based on public headlines and social activities around Himax Technologies. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.

Himax Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Himax Technologies' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Himax Technologies' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Himax Technologies.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Himax Technologies in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Himax Technologies' short interest history, or implied volatility extrapolated from Himax Technologies options trading.

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Please check Risk vs Return Analysis. You can also try Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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When running Himax Technologies price analysis, check to measure Himax Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Himax Technologies is operating at the current time. Most of Himax Technologies' value examination focuses on studying past and present price action to predict the probability of Himax Technologies' future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Himax Technologies' price. Additionally, you may evaluate how the addition of Himax Technologies to your portfolios can decrease your overall portfolio volatility.

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Is Himax Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Himax Technologies. If investors know Himax will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Himax Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.70)

Earnings Share

1.36

Revenue Per Share

6.876

Quarterly Revenue Growth

(0.42)

Return On Assets

0.0974

The market value of Himax Technologies is measured differently than its book value, which is the value of Himax that is recorded on the company's balance sheet. Investors also form their own opinion of Himax Technologies' value that differs from its market value or its book value, called intrinsic value, which is Himax Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Himax Technologies' market value can be influenced by many factors that don't directly affect Himax Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Himax Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine Himax Technologies value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Himax Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Himax Technologies Stock Options Expiring on 19th of January 2024

Open Interest Against 2024-01-19 Option Contracts

Himax Technologies Maximum Pain Price across 2024-01-19 Option Contracts

Himax Technologies In The Money Call Balance

Himax Current Options Market Mood

Put-to-Call Open Interest

Put-to-Call Volume

Rule 16 of the current Himax contract

Himax Technologies Option Chain

Himax Technologies Net Income Common Stock Over Time

Himax Technologies Historical Liabilities

Himax Technologies Investors Sentiment

Becoming a Better Investor with Macroaxis

Build Optimal Portfolios

Align your risk with return expectations

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