Baker Hughes (BHI) is up $3.31 to $77.37 and touching new 52-week highs today after the oil driller reported earnings of 87 cents per share, which was 9 cents better-than-expected. In options action, a noteworthy options spread traded this morning after an investor sold 14,000 July 65 calls at $12.925 each and bought 20,000 July 75 calls at $5.50. It might exit a position opened in early-January when the same spread saw opening action (see 1/4 color). Shares were at $55.60 at the time.