The optical counterpart of a Ultraluminous X-Ray Object in M81
  Ultraluminous X-Ray Objects are off-nucleus point sources with $L_X=10^{39}$-$10^{41}$ erg/s and are among the most poorly understood X-ray sources. To help understand their nature, we are trying to identify their optical counterparts by combining images from the Hubble Space Telescope and the Chandra Observatory. Here we report an optical counterpart for ULX NGC 3031 X-11, which has average X-ray luminosity of $\sim2\times10^{39}$ erg/s and has varied by a factor of 40% over the last 20 years. We find a unique optical counterpart with the magnitude and color of an O8V star and we identify this as the secondary in a binary system. The primary is believed to be a black hole of approximately 18 $M_\odot$, based on analyses of ACIS and ASCA spectra. This binary system probably is powered by mass transfer from the O8V star onto the black hole, with the Roche Lobe equal to the stellar radius. This model predicts an orbital period of $\sim1.8$ days, which can be tested by future observations. 
Ji-Feng Liu, Joel N. Bregman and Patrick Seitzer