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Uniti Group Inc (UNIT) Showing Support Near $15.71

Nov 10, 2017 (Marketintelligencecenter.com via COMTEX) --

After Nov 9, 2017aEUR(TM)s trading in Uniti Group Inc (<a href="http://www.marketintelligencecenter.com/symbol/UNIT">UNIT</a>) MarketIntelligenceCenter.com's option trade-picking algorithms uncovered a trade that offers a 8.45% or 16.33% (for comparison purposes only), while providing 17.82% downside protection. The trade is a May 18, 2018 covered call at the $15 level for a net debit of about $13.82. The net debit is also the breakeven point for this trade. For a higher return, consider buying a longer-term call option, like the Jan 18, 2019 at the $10 level. By buying the call for $6.90 instead of paying about $16.82 for the stock, the assigned return rate for this alternate trade is 28.20%, but the stock has to finish above $13.90 when the sold call expires for this trade to be profitable. Technical indicators for the stock have been bearish and support and resistance have been in the area of $15.71 and $17.45, respectively.

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