Zion Oil & Gas Inc (ZNOG)

[Moses1492]

Even if I put a sell in at "market" the lowest it gets filled is 5 cents... Now the hedgies do manage to buy and sell under 5 cents for sure but who would they "line" up to do the selling sub 5 cents if they are hoping to buy to close at 1 cent? Retail option sellers (even with a market sell order) will only be allowed to fill at 5 cents. Seems to me the hedgies who sold the 5 cent calls are going to be stuck holding their ZN shares for over a year (and will be forced to ride a potential ZN loss if the price drops from today's 16 cents to a hypothetical 3 cents).

Could it be some hedgies want to close their books (that are expecting a further drop in ZN pps and want out) are buying back to close now at 5 cents? (currently 110 shares on the bid at 5 cents)