who would have an incentive to cap this? For what...

who would have an incentive to cap this? For what purpose?

usually capping is about options expiring but who’d write call options for a random aussie microcap?

the only thing I can imagine is if some entity was looking to acquire a large amount and was trying to interfere in price action on “good” days to stop it going on a massive run, while purchasing when it’s retracing.

I dunno if that would even really be effective, I guess the strategy itself would be generating some profit while its running but it still sounds far fetched