Very good point around price of oppies vs heads based on past...

Very good point around price of oppies vs heads based on past SP.

So, its possible heads needs to move up to give parity.

But I feel there is another reason for this play. Most of the traders don't play with oppies - I think. Most of the selling may have happened by big traders. So they have pushed the SP down. Most of the oppies is held by us retail. We are very reluctant to take loss and also have hopes that we will come back. Retail more resilient for change and happy to hold and see. Hence oppies held because of that reason. As you mentioned, if it was a fair game, oppies should have dropped to 2 range by now. But can that happen? If heads don't move much, will oppies go down?

All speculation at this stage. What is most important is for SP to not only hold here, but start moving up. Once that happens, most who have sold, including me, will get FOMO and buy back, pushing up the price. But if that does not happen and SP stays at this level for some time, we could see oppies slowly getting back to old levels.

Lets see. Interesting times ahead.