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Potential United Natural Foods (UNFI) Trade Targets 3.54% Return

Feb 08, 2018 (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 Mar 16, 2018 $40 covered call for a net debit in the $38.63 area. That is also the break-even stock price for the covered call. This trade will return 3.54%, or 35.95% annualized (for comparison purposes only), in 36 days. This covered call also provides 10.43% downside protection. The current 52-week low is $29.53 and the 52-week high is $52.69. United Natural Foods stock has been showing support around $42.47 and resistance in the $43.87 range. The stock closed Feb 7, 2018's trading session at $43.13.A

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