If you already own 100 shares
Income call
For income on MOH you already hold: sell the Oct 16 $240 call and take $160 now. If MOH climbs to $240 by Oct 16, your 100 shares are sold at $240, so only do it if you're happy selling there.
If it climbs past $240 your 100 shares are sold at $240 and you keep the $160. That is the trade working, not a loss.
The call order
ActionSell to open
ContractMOH Oct 16 $240 call
You get$160 (limit about $1.60)
If it climbsYour 100 shares sell at $240
Chance your shares are soldabout 13 in 100
After removing the trend-22% a year