Zion Oil & Gas Inc (ZNOG)

[Moses1492]

When ZN went OTC, existing options were allowed to continue to trade (can buy to open and sell to close just fine all existing options and this will remain true). HOWEVER, the Chicago Option Exchange decided to not allow any ZNOG shareholders to "sell to open" any NEW covered call options - supposedly this was to help "close out" the ZNOG options which is total BS. As a result, now we have no new "sellers" of newly issued ZN options even on existing option dates thru March 2021. The Chicago Option Exchange has effectively eliminated seller competition - this is why the ask on so many options thru March 2021 are so ridiculously high - for example $10 ask for a March $2 call.