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

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

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u/da_crackler 20h ago

I feel like you got lucky with the fill

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u/DegenOptionGuy 💎Diamond Testicles💎 20h 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/niceee_guyyy 17h ago

Market makers. The algo computer take whatever the inverse/opposite of your position is. Options are generally transacted between MM and retail