Best Stock on the Market

Put Options on NUAN on 10/28/2013

Broken Support on NUANNuance Communications (NUAN) provides voice and language solutions for businesses and consumers worldwide.

It provides dictation and transcription solutions and services that enable platforms to generate and distribute clinical documentation; clinical documentation improvement programs; and speech recognition solutions for radiology, cardiology, pathology, and related specialties enabling healthcare providers to dictate, edit, and sign reports without manual transcription.

The company also offers mobile and consumer solutions comprising voice control and text-to-speech solutions; dictation applications; predictive text technologies; mobile messaging services; and dictation, Web search, and voicemail-to-text services for use in phones, cars, tablets, desktop and portable computers, personal navigation devices, and other consumer electronics. In addition, it provides customer service business intelligence and authentication solutions, such as speech recognition, natural language understanding, text-to-speech, biometric voice recognition, and analytics for enterprises in the telecommunications, financial services, travel, entertainment, and government sectors to support, understand, and communicate with customers.

Further, the company offers document imaging, print management, and PDF solutions to printer manufacturers, home offices, small businesses, and enterprise customers; and software development toolkits to independent software vendors, as well as licenses its software to printer manufacturers; and Tweddle Connect, an application and content service delivery platform for in-car infotainment systems.

Shares have fallen below all support levels and are trading nears its 52-week low. We expect lower share prices for this stock.

52-Week Trading Range: $16.18 - 24.85

Last Trade: $16.21

Trade

  • Buy 1 December $17.00 Put at $1.50
  • For a net debit of $1.50

Profit/Loss Analysis

  • Breakeven at $15.50
  • Maximum profit is unbounded
  • Maximum loss is ($150.00) at strike of $17.00

Closing Summary

  • Sold 1 December $17.00 Put at $1.90

Position closed on 10/31/2013 at price of $1.90 with a 26.67% gain in 2 days.

Updates

10/31/2013 9:42:10 AM

We are taking profits on NUAN put options.

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