Zion Oil & Gas Inc (ZNOG)

[Moses1492]

ZN calls are liquid enough trust me! Liquidity on Jan 2021 calls at 10 cents is a small 5-10 cent risk at best. If ZN stock goes to 50+ cents (and you want to sell your underpinning covered call ZN stock), the call will be selling for 15-20 cents (you buy to close your own covered call at a 5-10 cent loss but then get to turn around and sell your ZN stock for a gain of 15-20 cents). If ZN stock goes down say to 20 cents, you can then buy to close your call back at 5 cents and make a profit on the loss (God forbid)!

Its a complete win/win to sell calls unless you a total ZN bull and absolutely REFUSE to loose out on any profit over $1 - but then again you can make the argument that with the 30% profit from selling Jan 2021 calls, you can in turn buy more ZN stock (especially if the price dips below 30 cents again :)