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Pioneer Natural Resources (PXD) Showing Support Near $189.09

Jun 13, 2018 (Marketintelligencecenter.com via COMTEX) --

The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center are highlighting two trades on Pioneer Natural Resources (<a href="http://www.marketintelligencecenter.com/symbol/PXD">PXD</a>) today after it closed at $192.94 on Jun 12, 2018. For more conservative investors, look at a covered call using the Jul 20, 2018 $190 call for a net debit of about $184.14. This trade will return 3.17% (31.33% annualized, for comparison purposes only) as long as the stock closes above $190 at expiration. Pioneer Natural ResourcesAcan fall 4.56% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $105 call taking the place of the long stock position and the same short position in the Jul 20, 2018 $190 call. This trade only costs about $82.15 to get into and the rate of return increases to 3.46% (31.33% annualized, for comparison purposes only) but the downside protection falls to 3%.

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