Zion Oil & Gas Inc (ZNOG)

[Porgie Tirebiter]

Looking at the options chain the best deal I see is the December $2 put.

Right now the bid/ask is 62¢/$1.65 and last trade was $1. I would ask $1.15. If someone bites and you take the trade to expiration (5.5 weeks) you would have one of two outcomes:

1) You would own the shares at the equivalent of 85¢ per share or

2) You would keep the $115 per contract sold for an annualized return on your investment of 544%.