Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Potential United Natural Foods (UNFI) Trade Could Hit 2.24% Return

Dec 06, 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 Jan 19, 2018 $45 covered call for a net debit in the $44 area. That is also the break-even stock price for the covered call. This trade will return 2.24%, or 18.66% annualized (for comparison purposes only), in 44 days. This covered call also provides 11.10% 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 $46.44 and resistance in the $54.12 range. The stock closed Dec 5, 2017's trading session at $49.50.A

(C) Copyright 2017, Marketintelligencecenter.com. All rights reserved.

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 56.53
Nat Gas 2.671
Corn 349 2/8
Cotton #2 74.65
Gold 1257.2
Copper 3.0625
Euro 1.18155
USD Index 93.495
SP500 E-mini 2672.75
DJIA E-mini 24692
close_icon
open_icon