By Pete Najarian, co-founder of OptionMonsterFifth Third Bancorp ( FITB) was one of a long list of regional banks that had been practically left for dead, but Tuesday its shares spiked higher by nearly 18% with heavy options activity. The August options show the most call-to-put activity, with the FITB August 5, 7.50, and 12.50 calls all making waves. The 23,000 contracts trading at these strikes by mid-afternoon far surpassed the 20-day average of 8,300, according to OptionMONSTER's tracking systems. The activity in each of the months is swelling, with some pending near-term catalysts that could influence the financials in a hurry. Shares of Fifth Third Tuesday fell a penny short of reaching $3 for the first time since Feb. 9. The stock still finished the session up 17.74% to $2.92, though it fell 3% in after-hours trading.