Polycom (PLCM) gapped higher and is up $2.71 to $33.05 on 10X the average daily options volume after FT.com reported that Apax is in talks with the video game maker about going private. April 30 calls are the most actives, with 8815 traded. Some players might be exiting positions, as the contract is $3 in-the-money and was the subject of interest on Mar 11 and Mar 15 when shares were between $29 and $30. July 35 calls and April 30 puts are seeing interest as well.