### Comment:
So the hypothetical contract of 275 would give him the option to buy stock at 223, OP was lucky because the stock hit 318 and he could still buy it at 223 because of the contract, so he had 95 profit per stock? So 95x100=9500 Correct?  
  
 I only still don't quite get how that got him 27,245. He must've had multiple contracts right? And they must've been cheap if he only had 580?

### REPLY:
No the hypothetical contract would give him the purchase price of $275 per share x 100.   
  
  
 So now he has posted that he bought 4 $240 calls at $1.45 a piece (this means $145 as $1.45\*100).  When the stock was at the peak of $318 today, the value of each contract value is $318 - $240 = ($78\*100) + Extrinsic value.  So 4 \* $7800 = $31.2K.

### END.