Zion Oil & Gas Inc (ZNOG)

[Moses1492]

Don't be too upset. Although your 20,000 shares are locked down for 14 months, you still enjoy all future upside up unto $1.00 (a 400% profit from today's close of 21 cents). However along with that upside potential is the downside potential in that you can't sell your ZN shares unless you first buy to close your calls. If the stock goes to 1 cent, you can't sell your shares on the way down and you could loose all your initial ZN investment less your recent selling of calls proceeds. Still a decent risk reward scenario (some would even say smart as long as ZN stays open for the next 14 months). Risk vs reward is 400% gain potential vs 75% complete loss if bankruptcy ensues.
Personally I'm bullish and wouldn't mind just buying the $1, 1/21calls at 5 cents if want to sell more Monday morning. Have a wonderful Shabbat and weekend. Best regards my friend, Moses