Wall Street and individual investors are once again dashing in and out of so-called meme stocks as the appetite for riskier assets revives and volatility grips the group.A basket of 37 meme stocks tracked by Bloomberg has surged 45% off a March bottom, rallying in 9 of 11 sessions as millions of shares change hands. A flurry of trading activity in out-of-the-money call options — a favored trading method among retail investors seeking to capitalize on rapid gains in an individual stock — have helped fuel the latest swings.The pick up in that options volume “suggests that the most speculative retail crowd on WallStreetBets and similar is chasing the rebound aggressively,” said Giacomo Pierantoni at Vanda Securities, which tracks retail-trading flows.
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