Wall Street's Wildest Stocks Just Got an Income Engine — Courtesy Of Tuttle

Tuttle Capital Management today unveiled the Tuttle Capital Meme Stock Income Blast ETF (BATS:MEMY), a novel ETF that aims to turn the wild price swings of meme stocks into current income using a rules-based, options-enhanced strategy. MEMY began trading on Tuesday. Unlike traditional long-only approaches, MEMY combines economic exposure to a curated basket of 15–30 meme stocks with a systematic put-spread program using listed options and FLEX Options to harvest premium while retaining upside potential. Tuttle Capital says this construct seeks to generate income from volatility without capping upside like covered call strategies often do. What Sets MEMY Apart Sentiment-driven selection — Social media buzz on Reddit, X and Discord helps identify trending names. Structured income strategy — Systematic put spreads aim to capture elevated implied volatility. Non-diversified but focused — A concentrated set of high-momentum stocks forms the core basket. Investors should be mindful of the risks inherent in exposure to meme stocks and options strategies, including heightened volatility and liquidity challenges. A Broader Meme ETF Landscape Tuttle's MEMY isn't the only ETF targeting the meme-stock phenomenon. Roundhill Investments has also placed a big bet on retail-driven stocks through its Roundhill Meme Stock ETF (NYSE:MEME), which relaunched in October 2025 amid renewed speculative fervor. Originally launched in 2021 as the first ETF explicitly focused on meme stocks, the earlier iteration of MEME was shuttered in 2023 due to lackluster investor demand. The 2025 relaunch, however, comes at a time when retail trading is once again in the spotlight, with heightened trading volumes and social-media engagement driving renewed interest in this theme. Roundhill's actively managed MEME ETF allocates at least 80% of assets to equities exhibiting strong social buzz and volatility, rotating quickly into trending names like Opendoor Technologies Inc (NASDAQ:OPEN), Plug Power Inc (NASDAQ:PLUG) and Applied Digital Corp (NASDAQ:APLD) among its top holdings at launch. It carries a higher expense ratio typical of niche actively managed funds but offers a pure play on meme stock momentum. Additionally, Roundhill has filed for a Meme Stock Covered Call ETF (VYBE) that overlays a covered call strategy on its meme stock exposure to generate weekly income. Image: Shutterstock