A payoff diagram of a long call option with a strike price of A. Source: TheOptionsProphet In the option payoff diagram above, the blue line represents the payoff of a call option position.

The option has moved from 145 now up to 155, so you've benefited from the stock rising. If this is in a taxable account, you have avoided a potential unhappy tax occasion.

Gill, who helped launch the meme-stock phenomenon in 2021, recently disclosed a sizeable GameStop stock and options position in a screen shot posted on Reddit on June 2.The screen shot showed he ...