What I'm seeing in small and mid caps

Small and mid caps are on fire today.

As I wrote last week, the surge in AMC stock will benefit related WallStreetBets stocks on a 2 or 3 day delay.

We’re seeing that now as some traders take AMC profits and roll into “the next thing.”

What is the next thing? Here are a list of WSB stocks that are seeing bullish option activity. This data is from the Options Matrix, check them out here.

AMC is still dominating the options market. It’s the most active name in options today among all stocks and indices.

But there are other active names in the small and mid cap space that are surging as well. Bed Bath & Beyond (BBBY), Workhorse (WKHS) and Build-a-Bear Workshop (BBW) are the ones I’m watching.

Be sure to watch the option flow - it’ll tell you want’s coming in many cases.

High option volume and a low put/call ratio tells you the stock is either surging or about to jump - especially if the call activity is out of the money.