By Pete Najarian, co-founder of OptionMonsterNEW YORK -- JPMorgan ( JPM)got a lift Monday, and the bulls were chasing it higher. Option action was heavy across multiple time frames in the financial giant, ranging from very short-term contracts to others that are years into the future, according to OptionMonster's real-time tracking systems. The Weekly 40.50 calls expiring this Friday stuck out early, as more than 18,000 traded while the stock wavered between $40.38 and $40.50. Several blocks went for 33 cents, but most priced for 36 cents. There was also activity in the January 2014 45 and January 2014 55 calls as investors looked for a sustained move well into the future. Calls lock in the price where traders can buy a stock, so they can generate significant leverage in the event of a rally. If the stock doesn't rise, the options will lose most or all of their value. Shares rose 2.68% to $40.59 Monday. The stock has pulled back from around $43 and is now bouncing around its 200-day moving average. Almost 133,000 contracts traded in the name Monday, about four times more than normal. Calls outnumbered puts by 100,000 to 30,000, a reflection of the session's bullish sentiment. Najarian has no positions in JPM.