Notable Call Options Activity in Baker Hughes

Shares of Baker Hughes BHI are higher on the session by 0.14%, currently trading at $55.91. The stock has been moving largely lower over the past three months and is currently trading below the 50-day average. Options traders are focusing on calls today. A short while ago the January 2012 $70.00 call traded 8,000 times on open interest of 3,932 contracts. The Jan2012 $75.00 call also traded 8,000 times on open interest of 4,712 contracts. Likely a long call spread. 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.