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

Dec 06, 2017 ( via COMTEX) --

For a hedged play on United Natural Foods (<a href="">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

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