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Potential United Natural Foods (UNFI) Trade Has 19.01% Downside Protection

Nov 10, 2017 ( via COMTEX) --

For a hedged play on United Natural Foods (<a href="">UNFI</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the May 18, 2018 $35 covered call for a net debit in the $32.36 area. That is also the break-even stock price for the covered call. This trade will return 8.12%, or 15.69% annualized (for comparison purposes only), in 189 days. This covered call also provides 19.01% downside protection. The current 52-week low is $29.53 and the 52-week high is $49.74. United Natural Foods stock has been showing support around $38.61 and resistance in the $40.71 range. The stock closed Nov 9, 2017's trading session at $39.97.A

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