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Potential United Natural Foods (UNFI) Trade Has 7.65% Downside Protection

Sep 13, 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 Oct 20, 2017 $35 covered call for a net debit in the $33.77 area. That is also the break-even stock price for the covered call. This trade will return 3.64%, or 35.93% annualized (for comparison purposes only), in 37 days. This covered call also provides 7.65% 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 $35.22 and resistance in the $37.62 range. The stock closed Sep 12, 2017's trading session at $36.56.A

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