1
100%
u/VelvetPancakes
21 hours ago
🤔 Speculation / Opinion
Good chance GME pumps before Friday due to pay date convergence
In case you’re not aware, GME has a tendency to see large price movements prior to working class pay dates, specifically those where multiple pay schedules (twice monthly, every two weeks, weekly) happen to fall on the same day. How this typically presents is either they dump the price and crush IV right after significant pay dates (if we are directionally lower or reversal top), or they pump the price and IV going into the pay date (if we are directionally higher or reversal bottom).
On Friday, about 79% of US workers will be paid, leaving out primarily just those who are paid biweekly on the opposite schedule (ie got paid last week and will get paid next week).
Therefore, there is a decent chance the pump begins tomorrow or Thursday, whether via simple price action or some type of news/catalyst moving us higher.
I have paid close attention to this for the last several years and it has a very high success rate, but it isn’t perfect, primarily because of predicting the reversals.
My bet is we are up from here and you will see heavy FUD until we pump, in a last ditch effort by shills/plants to get people to sell.