Call Spread on PXD on 10/30/2013

Pioneer Natural Resources Company (PXD) operates as an independent oil and gas exploration and production company in the United States.

The company produces and sells oil, natural gas liquids (NGL), and gas. Its proved reserves are primarily located in the Spraberry field in the Permian Basin area, the Hugoton and West Panhandle fields in the Mid-Continent area, and the Raton field in the Rocky Mountains area; and development and exploration activities are located in the Spraberry field, Raton field, Eagle Ford Shale play, Barnett Shale Combo play, and Alaska.

As of December 31, 2012, it had proved undeveloped reserves and proved developed reserves of approximately 271.4 million BBLs (MMBBLs) of oil, 103.0 MMBBLs of NGLs, and 714.6 billion cubic feet of gas. 

52-Week Trading Range: $100.48 - $227.42

Last Trade: $214

Trade Buy 1 November $215.00 Call at $7.80 Sell 1 November $220.00 Call at $5.80 For a net debit of $2.00 Profit/Loss Analysis Breakeven at $217.00 Maximum profit is $300.00 at strike of $220.00 Maximum loss is ($200.00) at strike of $215.00 Closing Summary Sold 1 November $215.00 Call at $0.00 Bought 1 November $220.00 Call at $0.00

Position closed on 11/15/2013 at price of $0.00 with a -100.00% loss in 16 days.

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