Adjust Nuance Communications (NUAN) Position
On April expiration the Nuance Communications (NUAN) calls that we sold for $0.70 expired worthless. At that time the stock was still recovering from the sharp market sell-off, and I didn’t yet want to sell a new call.
Since then NUAN has rebounded nicely, and today I want to sell a new call to create even more yield against our stock position ahead of the companies earnings on May 7th.
To execute this trade, you need to:
Sell to Open the June 21 Calls for $0.50 or more
As is always the case, if you own 100 shares of NUAN stock, you can sell 1 call. If you own 200 shares you can sell 2 calls.
If you do not yet have a NUAN position you could choose to enter this position today. Though because we have already created yield against your stock position I might instead wait for the next idea tomorrow morning at 10:30 a.m. Eastern time.