This was a perfect scenario for my speculative strangle play. After I saw it "meme" from 50 cents to 6 bucks, I bought half each $3 puts and $10 calls. I figured the hype would wear out and bring it back to a penny stock, OR the hype would continue, driving it upward. This is a purely speculative, expect-to-lose-it-all kind of trade, and I don't recommend it, but I pepper them into my portfolio at times.
So far, puts are down 60%, and calls are up 140%. I intend to start selling some of the calls when I reach 200% gain on those (if it ever occurs).