Zion Oil & Gas Inc (ZNOG)

[JasonBourne]

The increase in call options is speculation.

Zion may, or may not find oil. Buying a call option allows you to cut your losses in case you're wrong (i.e. you don't have to exercise your call option if you don't want to). So you're only out however much the premium was to buy the option.

It's just people not wanting to physically put all their money on the line, but still wanting to not miss the huge surge in share price if Zion ends up posting some very good news next week.

But, will the news next week be good or bad? That is the ultimate question. The answer? Nobody knows. The only thing we know is that this stock is going to be an emotional roller coaster for traders next week. That much is for sure.

Will we see bright green, or bloody red? Only time will tell.

Tic toc........