Meme stocks might be back, but activity in the options market shows investors aren't exhibiting the same appetite for risky bullish bets this time around. Mandy Xu, head of derivatives market intelligence at Cboe Global Markets,

Meme stocks are back—but does that mean the top is in? Ben and Emil say nope. In this clip from Weekend Rip, they explain why the return of meme stock mania isn’t the market top signal people think it is anymore.

The return of widespread meme-stock trading coincides with a rise in Goldman Sachs' "Speculative Trading Indicator," which currently sits at its highest level outside of the 1998-to-2001 and 2020-to-2021 periods.