Mark R. Hake, CFA 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 , up from a recent low of on June 26. But on April 29, it was at , so it's up less than 1% in the past 2+ months. That means it's trading water.