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Potential Pioneer Natural Resources (PXD) Trade Has 5.73% Downside Protection

Feb 09, 2018 ( via COMTEX) --

For a hedged play on Pioneer Natural Resources (<a href="">PXD</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Mar 16, 2018 $165 covered call for a net debit in the $159.46 area. That is also the break-even stock price for the covered call. This trade will return 3.47%, or 36.23% annualized (for comparison purposes only), in 35 days. This covered call also provides 5.73% 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 $162.41 and resistance in the $182.33 range. The stock closed Feb 8, 2018's trading session at $169.16.A

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