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Potential United Natural Foods (UNFI) Trade Could Hit 3% Return

May 19, 2017 (Marketintelligencecenter.com via COMTEX) --

For a hedged play on United Natural Foods (<a href="http://www.marketintelligencecenter.com/symbol/UNFI">UNFI</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Aug 18, 2017 $35 covered call for a net debit in the $33.98 area. That is also the break-even stock price for the covered call. This trade will return 3%, or 12.04% annualized (for comparison purposes only), in 91 days. This covered call also provides 14.79% downside protection. The current 52-week low is $33.75 and the 52-week high is $52.18. United Natural Foods stock has been showing support around $38.32 and resistance in the $40.90 range. The stock closed May 18, 2017's trading session at $39.88.A

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