Bearish flow noted in Duolingo (DUOL) with 4,968 puts trading, or 1.0x expected. Most active are Mar-26 100 puts and Feb-26 100 puts, with total volume in those strikes near 1,800 contracts. The Put/Call Ratio is 1.63, while ATM IV is up over 4 points on the day. Earnings are expected on February 25th.
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