The author has initiated long positions in $RDDT (Reddit) at an entry price of $142.57 and $SHOP (Shopify) at $103.85, viewing both as long-term compounders with accelerating growth. To potentially increase these positions, the author sold one-month puts for $SHOP at a $90 strike and $RDDT at a $130 strike. Despite both assets being down 40% YTD, the author maintains a bullish sentiment and is prepared to add more shares if prices fall an additional 20%.