Calls Purchased on Nuance Communications (NUAN)

Shares of Nuance Communications

are lower on the session by 0.62%, currently trading at $19.29. The stock has been moving largely higher over the past two months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the July 2011 $21.00 call was purchased 4,700 times, on the offer, on open interest of only 1,138 contracts. This signals new positioning on the strike. Overall call volume is now running at 10.09x the daily average with 73% of all calls traded being purchases on the offer. Nuance Communications, Inc. is a provider of voice and language solutions for businesses and consumers around the world. The company's solutions are offered in four markets: Healthcare, Mobile and Consumer, Enterprise and Imaging.