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Pioneer Natural Resources (PXD) Trading Near $139.13 Support Level

Dec 06, 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 $145.66 on Dec 5, 2018. For more conservative investors, look at a covered call using the Jan 18, 2019 $145 call for a net debit of about $137.18. This trade will return 5.70% (48.38% annualized, for comparison purposes only) as long as the stock closes above $145 at expiration. Pioneer Natural ResourcesAcan fall 5.83% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 17, 2020 $75 call taking the place of the long stock position and the same short position in the Jan 18, 2019 $145 call. This trade only costs about $67.29 to get into and the rate of return increases to 4% (48.38% annualized, for comparison purposes only) but the downside protection falls to 2.31%.

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