20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Someone with a lot of money to spend has taken a bullish stance on Duolingo (NASDAQ:DUOL).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with DUOL, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Duolingo.
This isn't normal.
The overall sentiment of these big-money traders is split between 70% bullish and 30%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $69,600, and 9, calls, for a total amount of $716,080..
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $145.0 to $160.0 for Duolingo over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Duolingo options trades today is 153.0 with a total volume of 1,813.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Duolingo's big money trades within a strike price range of $145.0 to $160.0 over the last 30 days.
Duolingo Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| DUOL | CALL | TRADE | BEARISH | 07/21/23 | $145.00 | $434.0K | 64 | 515 |
| DUOL | PUT | SWEEP | BULLISH | 07/21/23 | $150.00 | $69.6K | 147 | 0 |
| DUOL | CALL | SWEEP | BULLISH | 07/21/23 | $145.00 | $62.0K | 64 | 407 |
| DUOL | CALL | SWEEP | BULLISH | 08/18/23 | $160.00 | $38.0K | 248 | 50 |
| DUOL | CALL | TRADE | BEARISH | 07/21/23 | $145.00 | $31.0K | 64 | 463 |
Where Is Duolingo Standing Right Now?
- With a volume of 287,473, the price of DUOL is up 4.75% at $145.16.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 34 days.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Duolingo, Benzinga Pro gives you real-time options trades alerts.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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