This article aims to initiate a study of bilateral weighted backward shift operators defined on the spaces and which are Banach spaces of analytic functions on a suitable annulus in the complex plane, having a normalized Schauder basis of the form, We obtain necessary and sufficient conditions for a weighted shift to be bounded, and find conditions so that is similar to a compact perturbation of a weighted shift on . In addition, we study when is hypercyclic, supercyclic, and chaotic. It shown that the zero-one law of orbital limit points does not hold for , which is in contrast to the case of weighted shifts on . Most of our results are obtained using the matrix form of .

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