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Potential United Natural Foods (UNFI) Trade Has 10.92% Downside Protection

Dec 07, 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 19.09% annualized (for comparison purposes only), in 43 days. This covered call also provides 10.92% 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 $48.52 and resistance in the $50.68 range. The stock closed Dec 6, 2017's trading session at $49.40.A

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