BAC is fresh off a March 18, 12-year high
The shares of Bank of America Corporation (NYSE:BAC) are down 2.3% to trade at $37.63 at last check, sliding further from its recent March 18, 12-year high of $39.96. BAC has been steadily rising on the charts since support at the $29 level and 60-day moving average caught its late-January pullback, and recent rising interest rates have provided an extra boost. Now, it seems this recent rally has caught the attention of options traders.

In fact, BAC has found itself on Schaeffer's Senior Quantitative Analyst Rocky White's list of stocks that have attracted the highest weekly options volume within the last two weeks, with new names to the list highlighted in yellow. According to this data, 319,139 calls and 158,426 puts were exchanged over this two week time period. The most popular contract during this time was the March 40 call.

Today, BAC is seeing a similar penchant for calls. So far, 153,000 calls and 73,000 puts have crossed the tape. The most popular position is the weekly 3/26 38-strike call, where new positions are being opened.
Now could be a good time to weigh in on Bank of America stock's with options, too. The stock is seeing attractively priced premiums at the moment, per BAC's Schaeffer's Volatility Index (SVI) of 33%, which sits in just the 7th percentile of its annual range.