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Pioneer Natural Resources (PXD) Showing Support Near $198.09

May 16, 2018 ( via COMTEX) --

The patented option-trade picking algorithms that power's Artificial Intelligence Center Aare highlighting two trades on Pioneer Natural Resources (<a href="">PXD</a>) today after it closed at $203.05 on May 15, 2018. For more conservative investors, look at a covered call using the Jun 15, 2018 $200 call for a net debit of about $195.05. This trade will return 2.53% (30.87% annualized, for comparison purposes only) as long as the stock closes above $200 at expiration. Pioneer Natural Resources can fall 3.93% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 18, 2019 $65 call taking the place of the long stock position and the same short position in the Jun 15, 2018 $200 call. This trade only costs about $131.60 to get into and the rate of return increases to 2.58% (30.87% annualized, for comparison purposes only) but the downside protection falls to 3.17%.

(C) Copyright 2018, All rights reserved. ********************************************************************** As of Saturday, 05-12-2018 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system

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