From Theory to Practice

A New Strategy in Meme Stock Trading

| May 14, 2024
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    From Theory to Practice

    A New Strategy in Meme Stock Trading

    May 14, 2024

    Jim Schultz discusses the post-PPI market reactions, observing notable activity in meme stocks like GameStop, AMC, and BlackBerry. In a humorous tone, Jim recounts his missed opportunity during the GameStop craze of 2021 and resolves not to miss out this time, intending to engage in meme stock trading but cautiously avoiding selling calls due to the high risk. He highlights real-time trading decisions, including purchasing AMC shares and considering put options on GameStop amid market halts. Schultz also discusses an SPX butterfly trade related to the PPI release and the unpredictable market reactions to economic indicators. The session humorously navigates meme stock trading strategies, market dynamics, and Schultz's personal trading actions in a highly volatile environment.

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