Commit To Purchase Ellington Financial At $7.50, Earn 4380% Annualized Using Options
May 14, 2024 at 11:32 AM EDT
Investors considering a purchase of Ellington Financial Inc (EFC) shares, but cautious about paying the going market price of $11.90/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June put at the $7.50 strike, which has a bid at the time of this writing of $34.20..