If you already own 100 shares
Income call
For income on LAMR you already hold: sell the Oct 16 $155 call and take $60 now. If LAMR climbs to $155 by Oct 16, your 100 shares are sold at $155, so only do it if you're happy selling there.
If it climbs past $155 your 100 shares are sold at $155 and you keep the $60. That is the trade working, not a loss.
The call order
ActionSell to open
ContractLAMR Oct 16 $155 call
You get$60 (limit about $0.60)
If it climbsYour 100 shares sell at $155
Chance your shares are soldabout 16 in 100
After removing the trend-16% a year