Zion Oil & Gas Inc (ZNOG): You can close it by buying it back, exer...

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Porgie Tirebiter

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Porgie Tirebiter

Re: Moses1492 post# 35211

Tuesday, 12/10/2019 3:11:27 PM

Tuesday, December 10, 2019 3:11:27 PM

You can close it by buying it back, exercising it, or letting it expire.

But no one (in their right mind anyway) is going to exercise them as it makes no sense to pay 5¢ for the right to buy the shares for $1, so buying them back is the only practical way the options could be closed out prior to expiration.

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