Call Options on HIMX on 9/13/2017

Himax Technologies, Inc. (HIMX) provides display imaging processing technologies to consumer electronics worldwide.

The company operates through Driver IC and Non-Driver Products segments.

It offers display driver integrated circuits (ICs) and timing controllers used in televisions (TVs), laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and other consumer electronics devices. The company also designs and provides controllers for touch sensor displays, liquid crystal on silicon micro-displays used in palm-size projectors and head-mounted displays, light-emitting diode driver ICs, power management ICs, scaler products for monitors and projectors, tailor-made video processing IC solutions, and silicon IPs.

In addition, it offers digital camera solutions, including complementary metal oxide semiconductor image sensors and wafer level optics, which are used in various applications, such as mobile phone, tablet, laptop, TV, PC camera, automobile, security, and medical devices. The company markets its products to panel manufacturers, agents or distributors, module manufacturers, and assembly houses; and camera module manufacturers, optical engine manufacturers, and television system manufacturers. Its products are used in iPhone products.

The company should benfit from the launch of  iPhone X. That should help shares move higher out of their bullish "cup and handle" formation.

We will be trading October 20th Call Options

52-Weeks Trading Range: $4.880 - $11.97

Last Trade: $10.75

Trade Buy 1 October $10.00 Call at $1.30 For a net debit of $1.30 Profit/Loss Analysis Breakeven at $11.30 Maximum profit is unbounded Maximum loss is ($130.00) at strike of $10.00 Closing Summary Sold 1 October $10.00 Call at $0.00

Position closed on 10/20/2017 at price of $0.00 with a -100.00% loss in 36 days.

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