Replies to post #34931 on Zion Oil & Gas Inc (ZNOG)

[Moses1492]

Options are holding strong. Strong buyer of 19k shares on the current bid at .05 for Jan 2021 calls:

Updated for today's price :)

Conservative risk reward play: Buy ZN @.17 and sell Jan 2021 calls for $.05 Make an immediate 30% profit (reducing effective purchase price from .17 to .12) And you still get to keep any potential upside up to $1.00 which would translate into an additional 800% 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 .12)

Extremely favorable 8:1 gain/loss conservative hedging setup