there is also a secondary market for options - where investors trade volatility, and use stock as instrument to trade volatility and express their view. if vol

there is also a secondary market for options - where investors trade volatility, and use stock as instrument to trade volatility and express their view. if volatility is priced at a bargain, investors doesnt care much about the stock, as he will be hedging his delta exposure anyways by means of dynamic hedging/etc