Calls Purchased on Nuance Communications, Inc. (NUAN)

Shares of Nuance Communications, Inc.

are lower on the session by 0.59%, currently trading at $15.05. The stock has been moving largely lower for the past six months, though has recently begun to base sideways around the $15.00 level. Options traders are buying calls on the name today. A short while ago the April 2011 $20.00.00 call was purchased 4,800 times, on the offer, on open interest of 5,296 contracts. Overall call volume is now running at 7.43x the daily average, 96% 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.