Core Viewpoint - Tuttle Capital Management has launched the Tuttle Capital Meme Stock Income Blast ETF (CBOE: MEMY), which aims to provide current income and equity exposure to "Meme Stocks" through an options-based strategy [1][2]. Group 1: ETF Overview - MEMY is an actively managed ETF that targets income generation and equity performance of meme stocks, which are popular among retail investors due to social media influence [2][6]. - The fund will hold a portfolio of 15 to 30 meme stocks and implement a systematic put-spread program to generate income while maintaining equity-like exposure [3][6]. Group 2: Investment Strategy - The ETF's strategy involves identifying trending meme stocks through social media sentiment analysis and providing economic exposure to these stocks [7]. - MEMY employs a systematic put-spread strategy, selling near-the-money put options and buying further out-of-the-money puts, allowing for potential unlimited upside while generating option premium [7][8]. - The fund's structure is designed to capitalize on the high implied volatility of meme stocks, which can create unique opportunities in the options market [4][7]. Group 3: Market Context - Meme stocks have disrupted traditional market dynamics, often trading based on sentiment rather than fundamentals, leading to extreme volatility [4][5]. - The CEO of Tuttle Capital Management emphasized that meme stocks represent asymmetrical investment opportunities driven by a new generation of retail investors [5].