Good observation. It happened in the past however we do not know...

Good observation. It happened in the past however we do not know if it is false bottom or real capitulation until months later. They say that if you see 20% raise after the big drop you know it is capitulation but that does not apply to Australian market. The manipulation here is so brutal that you need to close to 100% raise from the bottom to know that it's a true bottom

At this point, some players will do a synthetic option bullish play if they are brave and they feel sure enough. They sell puts to get the cash and buy calls and hope for the share price exploding upward.

It might be a good day to buy some deep option calls.