Looking At Devon Energy's Recent Whale Trades

Looking At Devon Energy's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bearish stance on Devon Energy.

Looking at options history for Devon Energy DVN we detected 28 strange trades.

If we consider the specifics of each trade, it is accurate to state that 35% of the investors opened trades with bullish expectations and 64% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $96,495 and 25, calls, for a total amount of $1,723,297.

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 $30.0 to $70.0 for Devon Energy over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Devon Energy's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Devon Energy's whale activity within a strike price range from $30.0 to $70.0 in the last 30 days.

Devon Energy 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
DVN CALL TRADE BEARISH 08/19/22 $70.00 $560.0K 9.3K 18.2K
DVN CALL TRADE BULLISH 07/29/22 $55.00 $104.0K 3.2K 242
DVN CALL SWEEP BEARISH 08/19/22 $70.00 $101.2K 9.3K 2.6K
DVN CALL SWEEP BULLISH 01/19/24 $50.00 $84.5K 1.0K 75
DVN CALL SWEEP NEUTRAL 01/19/24 $65.00 $68.0K 2.1K 61

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
DVN CALL TRADE BEARISH 08/19/22 $70.00 $560.0K 9.3K 18.2K
DVN CALL TRADE BULLISH 07/29/22 $55.00 $104.0K 3.2K 242
DVN CALL SWEEP BEARISH 08/19/22 $70.00 $101.2K 9.3K 2.6K
DVN CALL SWEEP BULLISH 01/19/24 $50.00 $84.5K 1.0K 75
DVN CALL SWEEP NEUTRAL 01/19/24 $65.00 $68.0K 2.1K 61

Where Is Devon Energy Standing Right Now?

  • With a volume of 7,573,402, the price of DVN is up 1.24% at $60.32.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 4 days.

What The Experts Say On Devon Energy:

  • B of A Securities has decided to maintain their Neutral rating on Devon Energy, which currently sits at a price target of $66.
  • Goldman Sachs has decided to maintain their Neutral rating on Devon Energy, which currently sits at a price target of $61.
  • Mizuho has decided to maintain their Buy rating on Devon Energy, which currently sits at a price target of $88.
  • Raymond James has decided to maintain their Strong Buy rating on Devon Energy, which currently sits at a price target of $80.
  • Piper Sandler has decided to maintain their Overweight rating on Devon Energy, which currently sits at a price target of $94.

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 Devon Energy, Benzinga Pro gives you real-time options trades alerts.

Posted In: BZI-UOAOptionsMarkets