Bulls continued their recent stampede into Bank of America on Friday as the stock rose more than 5 percent.
The stock surged to $7.84, its highest price since September, and more than 500,000 calls traded. Those calls lock in the entry price investors must pay for the stock, so they can double or triple if shares move in the right direction.
The buying started early and remained strong all day. OptionMonster's systems showed big activity in the Feb. 8 calls, along with the March 8s, the April 9s, and even the January 10s, which expire early next year.