DUOLDuolingo, Inc. Class A Common Stock
Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE
Market Cap $5.5B|NASDAQ
● 2026-06-09$117.96
BULLISH
Analysis: 2026-06-08 EOD data
1Y -76.3%YTD -33.2%7D +7.3%
Options Vol
11,911
30D
Implied Move
±19.8%
IV Rank
19%
DUOL Options Overview
IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.4
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 83.9% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.28x — IV premium over HV
Sector Relative≤50%
Sector percentile 54% — above sector median
Term Structure
<1.1xFront/Back 1.02x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 71.5% — normal range
Spread-Adjusted Value
<80%Effective IV 101.7% (ATM 71.5% + spread 15.1% + bias) — expensive
Execution Efficiency
<3.0%Total drag 24.65% (spread 15.12% + slippage 9.53%) — high friction
Vega Efficiency
≥5.0Vega efficiency 23.09 (vega 34.914 / spread 15.12%) — efficient
Sentiment
Bullish or bearish?
7.9
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +40%, Raw: +36%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +40% (strong bullish) — Raw: +36%
OI Skew Magnitude
≥15%|OI skew| 17.4% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +40.5%, OI skew +17.4% — aligned
Conviction Quality
≥2/3 conditions0-DTE 0%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +27%, ATM: +47%, OTM: +32% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 54% — neutral vs sector
Activity
Unusual activity?
5.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 1.9x avg — elevated
Turnover Rate
≥15%Vol/OI 10.0% — 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 -2.4% (5d) — unwinding
Sector Relative≥60%
Sector activity percentile 88% — very active vs sector
Trade Quality
≥30%Large trade volume 7% — mostly retail
Execution Urgency
≥60%Aggressive execution 37% — patient
Flow Conviction
≥30Conviction +40 (bullish) — moderate
Liquidity
Can I trade efficiently?
3.5
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 15.1% — wide
Adequate OI
≥10,000OI 119,701 — deep
Active Volume
≥500Volume 11,911/day — active
Reasonable Cost
≤$0.50$0.76 to cross — expensive
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 73% — wider than sector
Order Book Depth
≥100 contractsDepth 71.30000000000001 contracts (bid:37.6 ask:33.7) — thin
Execution Quality
<1.0%Avg slippage 9.53% — poor
Timing
Is now a good time?
6.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +1.8% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 84% — seller opportunity
Event Detection
≥10pts kinkIV kink 5.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 533.03 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: No earnings detected; CPI in 1d (HIGH)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +40% @ 70% consistency — moderate (bullish)
Smart Money Timing
≥40 composite scoreScore 37 (ITM 20% + inst 7%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls6.2
bullishIV fair, bullish flow
Long Puts4.1
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.6
bullishIV fair, bullish flow
Covered Call3.8
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.