r/wallstreetbets • u/DegenOptionGuy 💎Diamond Testicles💎 • 1d ago

Gain 27k -> $765k BABA $125p 4/4

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u/da_crackler 21h ago

I feel like you got lucky with the fill

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u/DegenOptionGuy 💎Diamond Testicles💎 21h ago

It actually topped out at like 11-12 I left like 250k on the table

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u/Anal_Recidivist 20h ago

I’ve been working up the knowledge on this stuff and understand the concept of calls/puts, how the calculation works, etc.

But when you sold your puts, who bought them? Investors/funds or sold back to market like any stock?

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u/stuntswagmaster69 17h ago

Nobody "buys" them. The market maker takes the opposite side of your trade while staying neutral in the market. The market makers provide liquidity. Cmon dudes how do we not know this?