Investors with a lot of money to spend have taken a bearish stance on Duolingo DUOL.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DUOL, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 8 uncommon options trades for Duolingo.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $79,520, and 6 are calls, for a total amount of $227,091.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $185.0 and $260.0 for Duolingo, spanning the last three months.
Insights into 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 $185.0 to $260.0 over the preceding 30 days.
Duolingo Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DUOL | CALL | SWEEP | BEARISH | 06/21/24 | $16.2 | $16.0 | $16.0 | $260.00 | $65.6K | 474 | 93 |
| DUOL | PUT | SWEEP | BULLISH | 05/17/24 | $19.0 | $18.8 | $18.8 | $250.00 | $54.5K | 163 | 37 |
| DUOL | CALL | SWEEP | BEARISH | 05/17/24 | $21.1 | $20.0 | $20.0 | $240.00 | $48.0K | 1.5K | 57 |
| DUOL | CALL | TRADE | BEARISH | 05/17/24 | $21.4 | $20.0 | $20.0 | $240.00 | $32.0K | 1.5K | 16 |
| DUOL | CALL | SWEEP | BEARISH | 05/17/24 | $50.2 | $48.0 | $48.0 | $200.00 | $28.8K | 291 | 6 |
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
Duolingo's Current Market Status
- Trading volume stands at 236,233, with DUOL's price down by -1.2%, positioned at $245.86.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 0 days.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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