Mar 21, 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 $40 covered call for a net debit in the $38.42 area. That is also the break-even stock price for the covered call. This trade will return 4.11%, or 9.92% annualized (for comparison purposes only), in 151 days. This covered call also provides 13.31% downside protection. The current 52-week low is $33.16 and the 52-week high is $52.18. United Natural Foods stock has been showing support around $43.31 and resistance in the $44.99 range. The stock closed Mar 17, 2017's trading session at $44.31.A
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