Matrix Initiatives (MTXX) is up $1.17 to $6.65 and options volume is running 4X the usual after a recent report seemed to ease concerns about an FDA review of the company (Link to story). Shares are up and buyers are showing interest in July 7.5 and 10 calls. It looks like some investors might be anticipating additional strength in the short-term. Since Friday is a holiday, markets are closed, and July options only have 10 trading days of life remaining after today. Meanwhile, in MTXX, implied volatility remains elevated and moving higher, up to 135 from about 119 the day before.