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Uniti Group Inc (UNIT) Showing Resistance Near $16.87

Dec 07, 2017 (Marketintelligencecenter.com via COMTEX) --

Uniti Group Inc (<a href="http://www.marketintelligencecenter.com/symbol/UNIT">UNIT</a>) is a good candidate for a covered call at the $15 level. The May 18, 2018 call at that price should fetch a credit of about $2.25, which means the entire position has a net debit of about $13.85. This trade has 9.62% downside protection. Another option would be to buy the UNIT Jan 18, 2019 $10 call instead of holding a long position in the stock. This lowers the net debit to $4.54, but the position only has 9.62% downside protection. Technical indicators for the stock are bearish and Uniti Group Inc has a 52-week low of $13.81 and 52-week high of $29.65.

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