DUOLDuolingo, Inc. Class A Common Stock
Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE
Market Cap $4.7B|NASDAQ
● 2026-04-17$100.51
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y -68.2%YTD -43.0%7D +11.6%
Options Vol
13,295
30D
Implied Move
±24.4%
IV Rank
35%
DUOL Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.3
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 86.2% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.59x — IV premium over HV
Sector Relative≤50%
Sector percentile 77% — above sector median
Term Structure
<1.1xFront/Back 0.85x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 82.2% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 107.7% (ATM 82.2% + spread 12.8% + bias) — expensive
Execution Efficiency
<3.0%Total drag 18.27% (spread 12.77% + slippage 5.50%) — high friction
Vega Efficiency
≥5.0Vega efficiency 26.27 (vega 33.543 / spread 12.77%) — efficient
Sentiment
Bullish or bearish?
6.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Moderate signal (Conviction: -11%, Raw: -10%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -11% (bearish) — Raw: -10%
OI Skew Magnitude
≥15%|OI skew| 24.4% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +40.0%, OI skew +24.4% — aligned
Conviction Quality
≥2/3 conditions0-DTE 48%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -1%, ATM: -24%, OTM: -5% — bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 54% — neutral vs sector
Activity
Unusual activity?
5.0
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 1.6x avg — elevated
Turnover Rate
≥15%Vol/OI 9.9% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +11.6% (5d) — building
Sector Relative≥60%
Sector activity percentile 79% — active vs sector
Trade Quality
≥30%Large trade volume 13% — mostly retail
Execution Urgency
≥60%Aggressive execution 29% — patient
Flow Conviction
≥30Conviction -11 (bearish) — mixed
Liquidity
Can I trade efficiently?
3.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 12.8% — wide
Adequate OI
≥10,000OI 134,527 — deep
Active Volume
≥500Volume 13,295/day — active
Reasonable Cost
≤$0.50$0.64 to cross — expensive
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 88% — much wider than sector
Order Book Depth
≥100 contractsDepth 169.10000000000002 contracts (bid:92.7 ask:76.4) — adequate
Execution Quality
<1.0%Avg slippage 5.50% — poor
Timing
Is now a good time?
7.1
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -15.0% — contango
IV Percentile Clarity
<30 or >70IV percentile 86% — seller opportunity
Event Detection
≥10pts kinkIV kink -15.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 648.80 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No earnings detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -11% @ 56% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 43 (ITM 20% + inst 13%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls4.9
bullishIV expensive, bullish flow
Long Puts4.2
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.0
bullishIV rich premium, bullish flow
Covered Call5.2
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.