United Natural Foods Stock Marks 3-Year Low After Revenue Miss

Options volume is running at 36 times the intraday average

Digital Content Manager
Sep 26, 2023 at 10:45 AM
facebook X logo linkedin


United Natural Foods Inc (NYSE:UNFI) stock is sinking, last seen down 16.3% at $15.82, after the company reported a revenue miss for the fiscal fourth quarter. Also hurting the security is a quarterly loss of 25 cents per share, compared to last year's profits of $1.27 per share, as well as a disappointing full-year forecast.

The shares earlier slipped to a three-year low of $15.07, as they breached a floor at the $18 level. The 60-day moving average has been acting as pressure since June, and UNFI has shed 59.6% so far this year.

The stock's typically quiet options pits are exploding with activity today. So far, 2,439 puts and 1,182 calls have crossed the tape, which is 36 times the intraday average. Most popular is the October 15 put, followed by the 17.50 call, with positions being opened at both of those contracts.

Options traders have been singing a bearish tune of late. UNFI's Schaeffer's put/call open interest ratio (SOIR) of 1.00 sits in the 98th percentile of annual readings, while its 50-day put/call volume ratio of 2.95 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than 92% of readings from the past year.

It's also worth noting the equity's Schaeffer's Volatility Scorecard (SVS) sits at 82 out of 100. This indicates United Natural Foods stock has exceeded options traders' volatility expectations in the last 12 months.
 
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI