Speculative Earnings Trade NVDA - Nov 6th Trade of the Day

The market, though bullish, is really overbought.   We're going to exercise patience before adding any more positions to our long stock portfolio.  Meanwhile, we think we can use risk defined options and take advantage of high implied volatility to lower our cost basis while establishing a long postion on NVDA.  It's an interesting trade idea we've never attempted before, but inspired by the strong Power Gauge rating for the stock and the strength of semi-conductor industry group.