Zion Oil & Gas Inc (ZNOG): EXACTLY my point if you're REALLY ex...

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Re: NO OIL NO GAS 0 CASH post# 36218

Thursday, 01/16/2020 10:20:59 PM

Thursday, January 16, 2020 10:20:59 PM

EXACTLY my point if you're REALLY expecting the price to go lower then SELL covered calls high and cover lower works as a PUT and you profit the difference.

Again, if you were quicker thinking you could have "sold to open" a covered call at 20 cents and then "buy to close" yesterday/today at 10 cents and MADE another 2x/200% profit (original 5 cent investment). You have to plan ahead the rips and dips!

This tip was free bud :) covered call "selling to open" and "buying to close" can work as a profitable PUT.

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