Apple Inc.

Bank of America Corporation

QQQ   220617P00320000

Invesco QQQ Trust, Series 1

Roku, Inc. Class A Common Stock

Vanguard S&P 500 ETF

Well I am predominately in growth/tech stocks (feel free to cringe, I have been lately). **I have been slowly transitioning from my normal strategy and want to share with you all.**

Last month, I cut out all options and brought that to cash, my portfolio has been falling I have been practicing what I preach by DCA'ing that cash into my existing positions and even picked up some new ones (hat tip to the CS community for the ideas!). Now I find myself down to my last bit of dry powder to deploy. Here is my plan.. time will tell how it works out.

I am going to attempt a good old fashioned alley-oop!
![](https://cdn.commonstock.com/30b9d9aa9bf534e01d82b176ca13a553caf0db685943f2feac646d4750780ac2-480x365.gif?auto=format)

So I am desperately praying that Santa's fat ass shows up next week for a rally. If he does (and probably if he doesn't) I am looking at S&P and NASDAQ Puts for a bit of insurance to protect my depressed positions. As you all know, puts appreciate as the underlying assets depreciate. Despite all the pain I have been feeling in my portfolio, the averages have been holding up well. I believe this is due to the way they are calculated where the largest components really drive the index meaning the smaller stocks can tank and barely move the needle as long as companies like $AAPL hold up.

**So the alley-oop is what I am calling the play.** Why? if the market gets an end of year rally puts will depreciate and be a great time to buy. I will buy long term puts on the NASDAQ and S&P to protect me on the downside. If we get a post holiday crash (and if history is our guide it is not uncommon for this to happen) these will appreciate. I will then sell them, and use the capital to again, layer cash into my existing positions. **So, I remain a long term bull of the market, but in the short to medium term I am a bit concerned. Inflation, lame-icron, rates and tapering will weigh heavily on the minds of investors over the near term.** If they get spooked this is how I hope to **capitalize on** **what is happening not what I want to be happening.**

Stay tuned. If this works, it will be totally bad ass, if it doesn't I will be happy because it is implying the damn stocks I own are actually going up.

**Also, you are welcome people, lately I feel like the market does the opposite of whatever I do, so, if it turns around it will almost certainly be because I am looking to buy puts.**

The visual of the ball in Vince Carter’s hands actually helps me visualize this 😂: down-UP

Nathan Worden

Personal Plan for The Near Term

Ok CS! The plan has been working.. sort of. 

Lessons so far:
1. Might be better to buy puts on individual stocks I own for more tailored protection. See my “issues with averages” memo as I think that is relevant to this lesson. Basically, my stock picks are outpacing the averages on the downside. 

2. For a play like this to work, I need to buy more. I haven’t allocated enough to my puts to effectively hedge my portfolio. 

3. Uncertainly on when to execute phase II (selling the puts to buy beaten up stocks) this part, I ask you all CS! I have 2 **$QQQ**  puts and one **$VOO** put. Been a rough few days and I am thinking I’ll sell one of these, and start buying. Hold the other 2 in case we have more pain ahead. What are peoples thoughts on this strategy? Since I have 2 **$QQQ**’s I’ll probably sell one of them to raise capital. 

What I think I’m gonna buy.

**$ROKU** since it was beaten up heavy on some analyst who ignored the news the day before that Roku was the #1 TV sold last year.. idk about you but that’s indicative of growth to me. 

**$BAC** - rates rising, I’ve held **$BAC** for over 10 years. Hasn’t let me down yet, so think they deserve some love in the portfolio! 

Have a great day everyone and hang in there! Been tough sledding for stock pickers, especially growth stock pickers!

[https://commonstock.com/post/bfb150ae-7481-4800-ab44-c5c9e346ab79](https://commonstock.com/post/bfb150ae-7481-4800-ab44-c5c9e346ab79)

Last updates and the original post! 

sam stribling

My recency bias says we still have more pain ahead

Alley Oop Update II

I have 2 puts left. Sold one last week. Should I sell another one now to raise some cash to layer into stocks? Or wait a bit longer? 

How low can we go?

Bought QQQ $320 Puts

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