Veeco Instruments, a NY based LED manufacturer, shares are up 30c to $31.60 and option volume is 2x the daily average driven buy a small flurry of call buying in the September $39 strike. A total of 1,109 contracts have traded thus far, largest block was 400 lot, with 85% of volume at the 70c ask. News this morning is the company will sell its metrology business for $229 million in cash.