UPDATE: Stifel Nicolaus Initiates Ellington Financial at Hold on Distribution Visibility - Ellington Financial (NYSE:EFC)

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

Stifel Nicolaus initiated coverage on Ellington Financial (NYSE: EFC) with a Hold rating. Stifel Nicolaus commented, "We are initiating coverage of Ellington Financial (EFC) with a Hold rating on the shares. We like the dividend yield (12.4%), the mortgage credit hedge fund concept, and expect general dividend stability going forward. Still, we admit to difficulty projecting returns with any degree of confidence given the “hedge fund” nature of the business model."Ellington Financial closed at $22.66 on Wednesday.

27% profit every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!