B of A shares are up 25% today, near 4.72, making it the best performing largecap as well as the option volume leader in the sector. 200,000 calls and 123,000 puts have traded at 1pm, with the largest block a customer buyer of 20,000 March 4 puts for 25cents vs a $4.77 hedge, possibly closing to take advantage of the rally and corresponding drop of nearly 15points in implied vols.