What happened with GameStop can be attributed to meme theory - the same theory that explains viral sensations and fake news. How does it work? Meme theory experts Lily Francus and Monica Turrey turned to day-trading to pay for grad school and now have a rapidly growing following, studying how meme theory impacts the markets. In the first of this two part series, the Salience Capital co-founders teach us the logic behind trading these “meme stocks” and caution us on how to play the game. 

Follow us on Instagram: @ialsopodcast, Twitter: @IAlsoPodcast

Speaker Bio:

Lily Francus is an independent quantitative researcher and head of Salience Capital, a quantitative research firm focused on derivative-based short term options strategies. She has a background in computer science and business and was previously a software engineer at Linkedin and Stripe. Follow Lily on Twitter @nope_its_lily 

Monica Turrey is a graduate student at Carnegie Mellon’s Innovation Institute and strategist at Salience Capital. She has a background in product strategy and performance advertising in the technology sector. Follow Monica on Twitter @MonicaTurrey

Visit Salience at saliencecapital.com and explore the NOPE model at http://nopechart.com