Axsys Technologies (AXYS) is up $8.81 to $36.81 and hit a high of $39.25 following a Reuters report that the company has put itself up for sale, asking roughly $60 per share. In the options market, volume is running at 22X the normal levels, with 6300 calls and 1,400 puts traded. Most of the activity is in the Mar and April 35 calls. While some of the higher strikes are seeing some volume, the overall trading in the options market seems to reflect skepticism about the company’s ability to get a price significantly greater than current levels.