Decoding Duolingo's Options Activity: What's the Big Picture?

High-rolling investors have positioned themselves bearish on Duolingo DUOL, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in DUOL often signals that someone has privileged information.

Today, Benzinga's options scanner spotted 9 options trades for Duolingo. This is not a typical pattern.

The sentiment among these major traders is split, with 11% bullish and 88% bearish. Among all the options we identified, there was one put, amounting to $36,510, and 8 calls, totaling $522,123.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $340.0 and $350.0 for Duolingo, spanning the last three months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Duolingo's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Duolingo's substantial trades, within a strike price spectrum from $340.0 to $350.0 over the preceding 30 days.

Duolingo Call and Put Volume: 30-Day Overview

Noteworthy Options Activity:

About Duolingo

Duolingo Inc is a technology company that develops mobile learning platform to learn languages and is the top-grossing app in the Education category on both Google Play and the Apple App Store. Its products are powered by sophisticated data analytics and artificial intelligence and delivered with class art, animation, and design to make it easier for learners to stay motivated master new material, and achieve their learning goals. Its solutions include The Duolingo Language Learning App, Super Duolingo, Duolingo English Test: AI-Driven Language Assessment, Duolingo For Schools, Duolingo ABC, and Duolingo Math. It has three predominant sources of revenue; time-based subscriptions, in-app advertising placement by third parties, and the Duolingo English Test.

Having examined the options trading patterns of Duolingo, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Duolingo Standing Right Now?

• Currently trading with a volume of 401,177, the DUOL's price is up by 7.12%, now at $350.1.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 29 days.

What The Experts Say On Duolingo

2 market experts have recently issued ratings for this stock, with a consensus target price of $390.0.

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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Duolingo with a target price of $410. * An analyst from Jefferies has revised its rating downward to Hold, adjusting the price target to $370.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Duolingo options trades with real-time alerts from Benzinga Pro.