Actually, you should sell put options against your cash. Sell them deep into the money so you'll probably be assigned. That way, you get to pocket the option's time value premium and still end up fully allocated at a set price. Option prices are sky high because of the recent volatility. It's free money for stock buyers. This is an easy way to beat the market by 1% in the next few weeks, as compared to clicking buy right now. That said, clicking buy right now is the 2nd best option. Sitting and waiting for further drops (recency bias) is usually a losing proposition.