The correct answer is option C. "When Jim presents Della with her gift". The short story "The Gift of the Magi" by O. Henry tells the story of a young couple that manage the challenge of buying secret Christmas gifts for each other with little money available. The climax of the story is marked by Jim presenting Della her gift, revealing that both had to sold their most valued items to buy the present and at the end the gift they got was not longer useful because of it.
