welcome
Barchart

Barchart

Business

Business & Economics

Why United Natural Foods’ (UNFI) Unusual Options Activity Points to a Potential Rebound

Barchart
Summary
Nutrition label

79% Informative

United Natural Foods ( UNFI ) was one of the highlights for unusual options activity.

Since the start of the year , UNFI stock dropped almost 15% of equity value.

In the trailing month , sentiment has been particularly poor, with the security shedding more than 26% .

UNFI gained 6.05% in the past five sessions, potentially reflecting a behavioral shift.

Using Friday 's closing price of UNFI stock of $ 22.76 as an anchor, $ 24.60 could be a legitimate target over the next three weeks .

Given Monday ’s strong performance, a push toward the psychologically significant $ 25 level wouldn’t be out of the question.

Aggressive speculators may consider the 23/25 bull call spread expiring July 18 .