Is it wrong to stir?

Dividend growth stocks are a time-honored tool for building wealth. With the right approach, these investments can offer a dual benefit of regular income and the potential for capital appreciation. The foundation of a sound dividend growth strategy rests on identifying companies that are not only well-managed but also boast solid financials and a track record of steadily climbing earnings.
A recent Nuveen report highlights...

I was looking at selling put options to earn some yield on my cash. But I noticed the premiums are much lower than they were recently. This realization gave me a crazy idea: Perhaps one should do the opposite, and be buying puts rather than sell them.
1.You pick a stock that you think could double over the next 12 months, and go all-in on it.
2.You then buy cheap 1-year puts as insurance to limit your downside.
3.Wait...