Zion Oil & Gas Inc (ZNOG): Selling Jan 2021 calls is SMART. Its cal...

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Re: Kid-Gloves post# 36190

Thursday, 01/16/2020 2:34:21 PM

Thursday, January 16, 2020 2:34:21 PM

Selling Jan 2021 calls is SMART. Its called making your money WORK for you! Its not dangerous at all to sell a Jan 2021 covered call but rather a conservative smart play on ZN's current pps with great return. ZN can pop to $1 or over and you STILL get to keep the profit! If you desire to sell your ZN shares that underpin the "covered" ZN call -at any time- should ZN's pps run, you simply buy the call back to close and keep then sell your ZN share and keep the difference!

I've got a portion of my ZN stock sitting in a 401k that isn't option available and it irks me to no end lol!

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