Zion Oil & Gas Inc (ZNOG)

[Moses1492]

Think. If worried about missing out on a pop in price lol realize you JUST made either 25% or 50% right now. Or you could simply buy more ZN with the 25-50% immediate free and clear profit and use this as your trading/flip stock. Also, the time value of covered calls works in your favor as the price drops the closer you get to expiration so you may be able to buy and close for a profit (or at least break even if in a hurry to close out your covered call position). I recommend just letting it ride. If one is a long term ZN holder, selling ZN $1 covered calls (800-900% + gain) is a great way to make money over and over. Wash rinse repeat if they expire worthless (or best case they get called if ZN pps over $1 and you still just made 900% profit). Continue to build and lower your ZN costs basis. Its almost unbelievable calls are selling at the ask for 25% and 50% premium as ZN continues to issue 100's of million of new shares. LOL.

Free advise, you are welcome!