Nuveen Equity Premium Opportunity Fund (the Fund) is a closed-end management investment company. The investment objective of the Fund is to provide a high level of current income and gains from net index option premiums. The Fund's secondary investment objective is to seek capital appreciation consistent with the Fund's strategy and its primary objective. The Fund invests its managed assets in a diversified equity portfolio that seeks to substantially replicate price movements of a 75% / 25% combination of the Standard & Poor's (S&P) Stock Index and the NASDAQ-100 Stock Index, respectively. The Fund also uses an index option strategy of selling S&P 500 and NASDAQ Index call options in seeking to moderate the volatility of returns relative to an all equity portfolio. The Funds' investment advisor is Nuveen Fund Advisors, Inc. Its sub-advisor is Gateway Investment Advisers, LLC.