Himax Technologies Inc. (HIMX) saw its shares soar 9.51% in intraday trading on Wednesday, driven by heavy bullish options activity that signaled investor optimism for further gains.
According to data from trade-alert services, Himax experienced above-normal call option volume during the trading session, with nearly 9,000 call options changing hands. This represented a 1.3 times increase from the stock's average daily call volume, suggesting that traders were betting on a continued upward movement in the stock price.
Furthermore, the implied volatility of Himax's options rose by nearly 3 percentage points to 81.78%, indicating that traders were pricing in higher volatility expectations for the stock, which typically accompanies increased demand for call options.
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