Options were bullish yesterday on the financials, which have been solid recently and were key to yesterday's broad market rally.
The paper was especially heavy in Bank of America, which rallied 3.97 percent to finish at $11 even. More than 680,000 contracts traded in shares of Bank of America, including 473,000 calls, according to OptionMonster's scanners.
The December and January contracts dominated the activity, led by the December 11s, which traded in large size for $0.05 to $0.11. These options expire at the end of this week, so traders are looking for the stock to keep moving in the near term.