Nvidia Stock Has Been Flat, But NVDA Price Targets are Higher - Shorting Puts Works

Analysts have been raising their revenue and price targets for Nvidia Inc. (NVDA) stock. However, NVDA has been flat since April 29, almost two and a half months ago. That makes shorting out-of-the-money (OTM) NVDA put options very worthwhile. This article will show why.

NVDA closed Friday, July 10, at $210.96, up from a recent low of $192.53 on June 26. But on April 29, it was at $209.25, so it's up less than 1% in the past 2+ months. That means it's trading water.