Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Potential Pioneer Natural Resources (PXD) Trade Targets 2.02% Return

Sep 13, 2017 (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 Oct 20, 2017 $125 covered call for a net debit in the $122.51 area. That is also the break-even stock price for the covered call. This trade will return 2.02%, or 19.96% annualized (for comparison purposes only), in 37 days. This covered call also provides 5.69% downside protection. The current 52-week low is $125.46 and the 52-week high is $199.83. Pioneer Natural Resources stock has been showing support around $128.20 and resistance in the $132.22 range. The stock closed Sep 12, 2017's trading session at $129.91.A

(C) Copyright 2017, Marketintelligencecenter.com. All rights reserved. ********************************************************************** As of Saturday, 09-09-2017 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 50.38
Nat Gas 3.125
Corn 348 4/8
Cotton #2 69.66
Gold 1315.9
Copper 2.9840
Euro 1.20630
USD Index 91.525
SP500 E-mini 2504.75
DJIA E-mini 22341
close_icon
open_icon