Options volume in Duolingo Inc. (NASDAQ:DUOL) climbed to a total of 12,818 contracts by 2:50 p.m. New York time on Tuesday, based on exchange data compiled by Bloomberg. Calls composed the majority of the activity with 9,148 contracts traded, while puts made up 3,670 contracts.
The most active single strike was the July 24, 2026 $135 call, which recorded 3,003 contracts traded and showed an open interest of 6 contracts. A structured put position spanning June 18, 2026 strikes accounted for 900 contracts in total, split evenly with 450 contracts at the $100 strike and 450 contracts at the $105 strike. Open interest for those puts was reported at 849 contracts for the $100 strike and 785 contracts for the $105 strike.
Additional significant trades included the June 18, 2026 $105 put, which saw 601 contracts trade and carried an open interest of 785 contracts. The June 12, 2026 $155 call also recorded 601 contracts traded and had an open interest of 3 contracts.
Summary
By mid-afternoon on Tuesday, Duolingo options activity reached 12,818 contracts, with calls dominating the flow. The July 24, 2026 $135 call led in single-strike volume, while several June-dated puts and a June call also featured prominently in trade counts and open interest figures.
Key points
- Total options traded: 12,818 contracts as of 2:50 p.m. New York time on Tuesday.
- Calls versus puts: 9,148 calls and 3,670 puts. Activity was concentrated in a handful of strikes across June and July expirations.
- Sectors impacted: equity derivatives markets and trading desks focused on education and technology-sector equities may be most directly affected by the change in options flow.
Risks and uncertainties
- Low open interest at some active strikes - the July 24, 2026 $135 call had an open interest of 6 contracts and the June 12, 2026 $155 call had an open interest of 3 contracts. These data points indicate very small existing position counts at those strikes.
- Concentration of volume in a single July strike - 3,003 contracts traded at the July 24, 2026 $135 call represents a large share of overall activity, which highlights concentration risk within the options flow.
- Limited contextual information in the trading snapshot - the report provides detailed contract counts and open interest but does not include underlying stock price, bid/ask spreads, implied volatility levels, or trader intent, which leaves uncertainties about the drivers and likely market impact of the observed trades.
This account is strictly a report of exchange trading data compiled by Bloomberg and does not offer analysis about causation or expected outcomes beyond the recorded contract counts and open interest figures.