Look at the weekly chart for support for this trade idea. There is still time before NVDA reports earnings, and puts are relatively cheap right now (IV will rise in coming weeks).
This is a great example of how stochastic serves as a leading indicator to RSI. RSI went up a little with the higher low (2 green lines), while stochastic %K went lower (pink line).
I have a small position because capital will be tied up for a while and I rarely buy options over $5 (bigger price moves are needed to get higher return on capital)