TLDR: November 23 is the day where the first big mega candle appears.
The runups happen every 90 days like clockwork for all meme stocks, but have a bigger impact on the 2-3 main meme stocks with the most options volume. In this case it's GME & Popcorn stock. Fundamentals don't matter here. This is purely market mechanics at work. Usually there's just 1 mega candle 2 days after the 3'rd Friday of February, May, August and November and then the strength of the runup slowly diminshes over the time period of 1-2 weeks where it eventually gets shorted down to a price slightly above it's previous trading average where it stays for another 90 days until this cycle repeats itself.
Not going to go into the technical on why this happens here. It's a long subject on which i've written over 40 pages worth of a "thesis" on to explain on reddit. I'm just here to tell you that the next runup here here. The last chance to get calls is Nov 19 and possibly if we're lucky, on Nov 22. I've already gotten my calls for this runup early even against my own advice. Friday may be the last day before the next runup or it may be Monday. I've already gotten my own calls early on the off chance things pop-off early and i'm going to pay a lot of theta for it. Buying early just guarantees you getting low IV calls if that's what you're looking for.
In any case, godspeed. This is not financial advice and nor am i a financial advisor. I'm just a guy here to tell you when the meme stocks & specifically GME are going to move. I'm not claiming the MOASS here, only a runup like what happens every 90 days. If the MOASS comes along with this cycle, all the better.
The runups happen every 90 days like clockwork for all meme stocks, but have a bigger impact on the 2-3 main meme stocks with the most options volume. In this case it's GME & Popcorn stock. Fundamentals don't matter here. This is purely market mechanics at work. Usually there's just 1 mega candle 2 days after the 3'rd Friday of February, May, August and November and then the strength of the runup slowly diminshes over the time period of 1-2 weeks where it eventually gets shorted down to a price slightly above it's previous trading average where it stays for another 90 days until this cycle repeats itself.
Not going to go into the technical on why this happens here. It's a long subject on which i've written over 40 pages worth of a "thesis" on to explain on reddit. I'm just here to tell you that the next runup here here. The last chance to get calls is Nov 19 and possibly if we're lucky, on Nov 22. I've already gotten my calls for this runup early even against my own advice. Friday may be the last day before the next runup or it may be Monday. I've already gotten my own calls early on the off chance things pop-off early and i'm going to pay a lot of theta for it. Buying early just guarantees you getting low IV calls if that's what you're looking for.
In any case, godspeed. This is not financial advice and nor am i a financial advisor. I'm just a guy here to tell you when the meme stocks & specifically GME are going to move. I'm not claiming the MOASS here, only a runup like what happens every 90 days. If the MOASS comes along with this cycle, all the better.