MEMY is an actively managed exchange-traded fund designed to generate regular income. It primarily invests in "meme stocks"—equities that quickly gain widespread attention on social media, often characterized by extreme volatility, speculative trading, and valuations frequently disconnected from fundamental analysis. The fund's investment process involves meticulously monitoring social media platforms for unusual discussion volume, trending topics, and robust sentiment, complemented by quantitative financial analysis. Its portfolio typically comprises 15 to 30 US-listed stocks or ETPs, chosen for their high implied volatility, irrespective of market capitalization or sector. MEMY's strategy blends direct equity holdings with synthetic exposures, employing options strategies such as buying calls and selling puts at similar strike prices, including those deep in-the-money. To produce income and manage risk, the fund systematically implements put credit spreads. Option selection for these spreads is guided by volatility levels, expiration dates, and prevailing market conditions. Portfolio adjustments are dynamic, reacting to evolving options market signals and shifts in social sentiment, with credit spreads regularly rolled.