Options are expensive versus the stock at these levels and the options are 80-90% controlled by large traders etc, so there is only one way this stock will go and it isn't down based on that
Using a conservative 50% volatility, options are worth (fair value) at various prices
14c 2.4
15c 2.9
16c 3.4
17c 4.0
20c 5.4 etc
Above 20 I expect they will go from being cheap to rich quite quickly
It took someone months to acquire shares and now go and try and buy any volume below 16c, very tough. It seems there is a lot of support 13-14 and bits for sale 16-19
Given that there are very few options for sale in larger chunks at anything close to FV, means the stock is cheap.
YMMV
VMC Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
