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United Natural Foods (UNFI) Trading Near $45.88 Resistance Level

Mar 06, 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 Apr 20, 2018 $40 covered call for a net debit in the $38.92 area. That is also the break-even stock price for the covered call. This trade will return 2.77%, or 22.50% annualized (for comparison purposes only), in 45 days. This covered call also provides 12.57% 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 $42.26 and resistance in the $45.88 range. The stock closed Mar 5, 2018's trading session at $44.52.A

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