The patented option-trade picking algorithms that power's Artificial Intelligence Center are highlighting two trades on Fidelity National Financial (FNF) today after it closed at $32.16 on Wednesday.

For more conservative investors, look at a covered call using the Jun. '14 $32.00 call for a net debit of about $30.71. This trade will return 4.20% (15.33% annualized, for comparison purposes only) as long as the stock closes above $32.00 at expiration. Fidelity National Financial can fall 4.51% before causing a problem.

For investors with a higher appetite for risk, consider a diagonal spread with a Jan. '15 $25.00 call taking the place of the long stock position and the same short position in the Jun. '14 $32.00 call. This trade only costs about $6.05 to get into and the rate of return increases to 15.70% (15.33% annualized, for comparison purposes only) but the downside protection falls to 3.45%.