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Pioneer Natural Resources (PXD) Trading Near $169.90 Support Level

May 19, 2017 (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 $172.75 on May 18, 2017. For more conservative investors, look at a covered call using the Jun 16, 2017 $170 call for a net debit of about $165.75. This trade will return 2.56% (33.42% annualized, for comparison purposes only) as long as the stock closes above $170 at expiration. Pioneer Natural ResourcesAcan fall 4.05% before causing a problem. For investors with a higher appetite for risk, consider a diagonal spread with a Jan 19, 2018 $75 call taking the place of the long stock position and the same short position in the Jun 16, 2017 $170 call. This trade only costs about $92.15 to get into and the rate of return increases to 3.09% (33.42% annualized, for comparison purposes only) but the downside protection falls to 3.24%.

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