Zion Oil & Gas Inc (ZNOG): Exactly lol and with 300 million ZN shar...

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Re: 420man post# 39102

Thursday, 07/30/2020 5:06:57 PM

Thursday, July 30, 2020 5:06:57 PM

Exactly lol and with 300 million ZN shares outstanding and counting. Its basic math and % profit. If an immediate 35% profit selling 10 cent covered $1 calls with a buy basis of 27 cents doesn't appeal to you I don't know what hole you are waiting on to tap. Remember its a $1.00 covered call you are selling and that 400% away! Love it. The only way I buy ZN is when I turn around and sell a $1 covered call to reduce my cost basis by 30%+.

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