Devon Energy Unusual Options Activity For December 08

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

Looking at options history for Devon Energy DVN we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 50% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $302,237 and 5, calls, for a total amount of $368,380.

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 $40.0 to $95.0 for Devon Energy over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $40.0 to $95.0 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 01/19/24 $40.00 $212.5K 468 85
DVN PUT TRADE BULLISH 12/16/22 $95.00 $187.2K 24 62
DVN CALL TRADE BULLISH 04/21/23 $65.00 $57.6K 2.0K 82
DVN CALL TRADE BULLISH 12/30/22 $65.00 $40.0K 423 728
DVN PUT SWEEP BULLISH 12/09/22 $71.00 $35.2K 536 100

Where Is Devon Energy Standing Right Now?

  • With a volume of 5,164,206, the price of DVN is down -0.54% at $63.9.
  • RSI indicators hint that the underlying stock may be approaching oversold.
  • Next earnings are expected to be released in 68 days.

What The Experts Say On Devon Energy:

  • Argus Research has decided to maintain their Buy rating on Devon Energy, which currently sits at a price target of $90.
  • Raymond James has decided to maintain their Strong Buy rating on Devon Energy, which currently sits at a price target of $87.
  • Barclays has decided to maintain their Equal-Weight rating on Devon Energy, which currently sits at a price target of $86.

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.

Market News and Data brought to you by Benzinga APIs
Date of Trade
Strike Price
Posted In: OptionsMarketsBZI-UOA
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