Replies to post #34756 on Zion Oil & Gas Inc (ZNOG)

[NO OIL NO GAS 0 CASH]

You are posting one day with the VIX at 12. All option volumes are low right now. With 14 months there's a great probability of a risk off event in the broader market. We also know that Zion Oil found the next Saudi Arabia. When they broadcast this news prior to the next rights offering, I'll be out. We'll see how this trade works out. I'll keep you posted. :-)

[NO OIL NO GAS 0 CASH]

Porgie...Zion Oil is down to .20¢ so people of very limited means have the opportunity now to bless Israel and buy and get into something special. Lol.

Like you said Zion options aren't a real market. Zion Oil isn't a real company or stock. Why this trade makes perfect sense!

Not to mention my risk is defined.

[NO OIL NO GAS 0 CASH]

So if I bought at .05¢ and the last tic was .10¢, where does that put my position? Please mark to market my position.

[Moses1492]

Conservative risk reward play: Buy ZN @.15 and sell Jan 2021 calls for $.05 Make an immediate 31% profit (reducing effective purchase price from .15 to .10) And you still get to keep any potential upside up to $1.00 which would translate into an additional 900% gain should ZN rocket to over $1. Downside risk is that shares are locked down (unless you buy back and very illiquid and price goes to zero with potential loss of .10)

Extremely favorable 9:1 gain/loss conservative hedging setup

[NO OIL NO GAS 0 CASH]

So you were right Porgie. I didn't double my money. I quadrupled it! Sold my call options for .20¢ last Monday. Just like I told you there's always a greater fool with Zion Oil & Gas.