Logic tells me nothing more than speculation, rumor etc. just based on the option activity Friday. For IPXL, it would be an over overstatement to call it tepid; the volume was almost non-existent. If there was a smattering of a rumor, the option volume would have been more robust. For the record, I've been in IPXL since 3/2011 and would very much like to move on. IMO, the last two days, Friday especially, has the making of another tease. Accordingly, I bought Nov 20 2015 $40 Puts yesterday before the close. I'm not buying the increases in volume and higher price. If I'm right I should be happy. If I'm wrong, then I'm going to be real happy!