πππRoaring Kitty is back in action and
$GameStop(GME)$ shares are up almost 6% today. Whenever Roaring Kitty posts, his loyal followers jump into action.
$AMC Entertainment(AMC)$ another meme stock surged 12% during Thursday trading. Whether this rise is sustainable remains to be seen.
A Bull call spread strategy is a good way to take advantage of this market. It is used when a trader is optimistic about a stock price and expects it to increase moderately.
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For investors, this development serves as a reminder of the risks associated with meme stocks, where price movements can be volatile and detached from a companyβs financial performance. Those considering investments in such stocks should exercise caution and assess their risk tolerance.