Financial services name Bank of America (BAC) has retreated from its 13-year high of $ 43.49 on June 3 in recent months. The stock continues to outperform the market as a whole with a 58.4% lead since the start of the year, and just announced that its credit card delinquency and write-off rates have improved in 2018. August. In addition,stocks have recently moved closer to a historically bullish trendline, making it a great time for investors to bet on BAC's next rise. Digging deeper, the Bank of America stock has just returned to its 160 day moving average, after spending some time above that trendline. According to data from Rocky White, senior quantitative analyst at Schaeffer, similar moves have occurred three times over the past three years, with the stock enjoying a positive one-month return 67% of the time, averaging 5% pop. A comparable move from its current location would bring the BAC back above the $ 42 mark. REFINITIV EIKON A change in option wells would fuel additional tailwinds for equity. International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), BAC's 50-day buy / sell volume ratio is above 92% of reads in its annual range. This means that long put options have recovered faster than usual over the past two months. Echoing this, short term options traders have rarely been more put oriented.This is Bank of America's Schaeffer stock's open interest ratio (EVENING) of 0.98, which ranks above 82% of the past 12-month readings.