Bearish flow noted in Duolingo (DUOL) with 6,961 puts trading, or 1.1x expected. Most active are Feb-26 100 puts and Feb-26 170 puts, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 2.19, while ATM IV is up over 2 points on the day. Earnings are expected on February 25th.
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