Block Trade Canceled on Baker Hughes

Shares of Baker Hughes Incorporated BHI are trading higher on the session by 1.92%, at $78.48. The stock has been moving higher over the past six months and is currently trading above the 50-day and 200-day moving averages. The name is pushing toward its 52-week high, at $79.24. There was a huge block trade that hit the tape in Baker Hughes earlier in the session, where 20,000 August $80.00 calls were purchased for $2.33. The trade has since been canceled and adjusted to 2,000 contracts at the same execution price. Fat finger. Baker Hughes Incorporated is engaged in the oilfield services industry. Baker Hughes is a supplier of oilfield services, products, technology and systems to the worldwide oil and natural gas industry.