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Potential Pioneer Natural Resources (PXD) Trade Has 5.17% Downside Protection

Nov 09, 2018 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on Pioneer Natural Resources (<a href="http://www.marketintelligencecenter.com/symbol/PXD">PXD</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Dec 21, 2018 $155 covered call for a net debit in the $148.40 area. That is also the break-even stock price for the covered call. This trade will return 4.44%, or 38.58% annualized (for comparison purposes only), in 42 days. This covered call also provides 5.17% downside protection. The current 52-week low is $140.54 and the 52-week high is $213.40. Pioneer Natural Resources stock has been showing support around $152.51 and resistance in the $164.20 range. The stock closed Nov 8, 2018's trading session at $156.50.A

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