Breaking down the meme stock madness

Plus, the dangers of meme stock options... 08/17/2022 Breaking down the meme stock madness Hey, Yesterday, I talked about the crazy short squeeze happening in shares of Bed Bath & Beyond Inc. (NASDAQ: BBBY). I weighed the pros and cons of potentially buying puts and ultimately decided against it. But now, this story is getting bigger than BBBY… There’s a movement happening in former ‘meme stocks’ that’s impossible to ignore. Tuesday was an undeniably notable day for overextended, short squeeze momentum stocks. Aside from BBBY … Fubotv Inc. (NYSE: FUBO), Party City Holdco Inc. (NYSE: PRTY), Blue Apron Holdings Inc. (NYSE: APRN), Weber Inc. (NYSE: WEBR), and Express Inc. (NYSE: EXPR) were all surging to unreal highs on Tuesday. As I mentioned yesterday, the implied volatility (IV) on meme stock options is extremely elevated this week. And that’s bad for us options traders. It doesn’t make these plays untradeable … but it means your timing must be perfect. Click below to hear my thoughts on the meme stock renaissance (and how I may trade it)... [>>Click Here To Read About The Meme Stock Madness<<]( Keep evolving, Mark Croock Editor, Evolved Trader Daily P.S. Whether you think meme stocks are here to last, or they’re creating a beautiful short opportunity, I’m going to use options to play. If you’d like to discover how I trade options to grow a small account, then [download my brand new eBook, it's 100% free.]( sponsored   [REPLAY STREAMING NOW:]( Sykes 46-Day Account Accelerator]( [>> Click here to stream OR press play below <<]( sponsored   [After Showing This Stock Trader The Crypto Trader Blueprint…]( [He was Able to Turn $20,456 Into +$200K On One Trade]( Find Out How You Can Get In On What We’re Calling… [The #1 Strategy For Crypto Millionaires]( [Alternate text] 66 West Flagler Street STE 900 Miami, Florida 33130 United States [Click Here To Unsubscribe]( All content in this newsletter is intended for educational and informational purposes only. The material in this newsletter is not to be construed as (i) a recommendation to buy or sell stocks, (ii) investment advice, or (iii) a representation that the investments being discussed are suitable or appropriate for any person. No representation is being made that following Evolved Trader Daily strategies will guarantee a particular outcome or result in profits. The price and value of stocks may fluctuate depending upon various market factors, and, as such, the strategies used by Evolved Trader Daily to adjust for those fluctuations may change without notice. There are significant risks associated with trading stocks and you must be aware of those risks, and willing to accept them, in order to invest in these markets. Past performance of any trading system or methodology is not indicative of future results. You should always conduct your own analysis before making investments. You should not trade with money you cannot afford to lose and there is a risk that trading stocks will result in a complete loss of your investment. Trading stocks, particularly penny stocks, is not suitable for everyone and requires hard work, due diligence, capital, and substantial time to monitor the market and timely execute trades.