PALM, which hit a new 52-week low of $5.4 this morning, has seen a 17 cent spike in the past few minutes and is now up a nickel to $5.76. Option volume is still on the light side, with 18K calls and 12K puts traded. Implied volatility in PALM has been moving higher for the past few weeks and is up another 2.5 percent to multi-week highs around 93.