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United Natural Foods (UNFI) Trading Near $41.63 Resistance Level

Jun 13, 2018 ( via COMTEX) --

For a hedged play on United Natural Foods (<a href="">UNFI</a>), MarketIntelligenceCenter.comaEUR(TM)s option-trade picking algorithms recommend the Jul 20, 2018 $40 covered call for a net debit in the $38.61 area. That is also the break-even stock price for the covered call. This trade will return 3.57%, or 35.24% annualized (for comparison purposes only), in 37 days. This covered call also provides 4.21% 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 $39.47 and resistance in the $41.63 range. The stock closed Jun 12, 2018's trading session at $40.31.A

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