Buyers have tried to take over at the 6.50 level twice since June and have failed both times. Sellers are clearly overwhelming buyers above the $7 level as there are only 9 days where the low of the day is above $7.
It would seem logical that it will take several attempts to work through the supply above current prices, but once through and as we look forward to a roll-out and a possible holiday selling period, the shares could take on another strong trend and move towards the $8.50-$9.00 level.
Options premiums are very rich, so expectations are high for upside potential in HIMX . For the more conservative investor, using covered-call strategies may make the most sense to generate the highest returns with the lowest . Which is to say, sell away the upside hype for HIMX by collecting premiums from speculators and let a slow-grinding rally give us the best possible return over the next four months into year end.