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Potential Pioneer Natural Resources (PXD) Trade Has 4.22% Downside Protection

Dec 05, 2017 ( via COMTEX) --

For a hedged play on Pioneer Natural Resources (<a href="">PXD</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jan 19, 2018 $155 covered call for a net debit in the $149.75 area. That is also the break-even stock price for the covered call. This trade will return 3.50%, or 28.43% annualized (for comparison purposes only), in 45 days. This covered call also provides 4.22% 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 $153.98 and resistance in the $159.94 range. The stock closed Dec 4, 2017's trading session at $156.35.A

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