Zion Oil & Gas Inc (ZNOG)

[Porgie Tirebiter]

You can get the shares at $2.40 right now.

The spread on the September $4 put as I type this is $1.60/1.75 so you could sell that put and create a position for yourself in the stock with a $2.40 basis. You might even get $1.65 if you ask, and that creates the basis at $2.35 - better yet.