I always look to see whats going on in the oppies to try and...

I always look to see whats going on in the oppies to try and gain insight into whether the heads move is real and the oppies are steadily offered here at relatively low levels ie 2.1c when they are already 1 to 1.3c in the money.

For those into vol curves -

10d historical 65% implies RRSO 2.6c
50d historical 85% implies RRSO 3.1c
100d historical 103% implies RRSO 3.5c

at 2.1c we are trading at 41% implied and it pretty much the lowest RRSO has traded - when this has happened before it was insiders selling that knew the pump in the heads would fail.

I am bullish but just trying to put both sides of the story out there.