Bulls Dipping Their Toes in NUAN

Shares of Nuance Communications, Inc. NUAN are higher on the session by 0.33%, currently trading at $15.02. The stock has been moving largely lower over the past six months, but appears to have found support at $15.00. Options traders are betting that shares could bounce over the next few months. A short while ago the January 2011 $15.00 call was purchased 1,300 times, on the offer, on open interest of 1,022 contracts. Call volume is now running at 12.00x the daily average, 97% on the offer. Nuance Communications, Inc. is a provider of speech, imaging and keypad solutions for businesses, organizations and consumers worldwide. The company's solutions are used for tasks and services, such as requesting information from a phone-based, self-service solution, dictating medical records, searching the mobile Web by voice, entering a destination into a navigation system, or working with portable document format documents.