Green Mtn Coffee (GMCR) is up $1.94 to $27.04 and options are busy after the company said late Monday that it has entered into an asset purchase agreement through which the company will transition its Northeast region customer support to Pine State Trading. The deal is expected to clsoe Sep 13, 2010. Investors liked the news and the short squeeze is on. Meanwhile, 13K calls and 3,650 puts traded so far. July 30 calls are the most actives, with 2,850 traded and 58% traded at the offer (20% Mid-market). Implied volatility is easing about 4 percent to 47.