Investors with a lot of money to spend have taken a bearish stance on Devon Energy DVN.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DVN, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 11 uncommon options trades for Devon Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 27% bullish and 54%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $1,993,544, and 4 are calls, for a total amount of $117,925.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $45.0 for Devon Energy, spanning the last three months.
Volume & Open Interest Trends
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 $45.0 in the last 30 days.
Devon Energy 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DVN | PUT | TRADE | NEUTRAL | 01/17/25 | $11.25 | $11.15 | $11.2 | $45.00 | $1.5M | 14.5K | 1.3K |
| DVN | PUT | TRADE | BULLISH | 01/16/26 | $4.0 | $3.75 | $3.75 | $32.50 | $187.5K | 8.4K | 504 |
| DVN | PUT | SWEEP | BEARISH | 04/17/25 | $11.55 | $11.05 | $11.55 | $45.00 | $121.2K | 1.7K | 105 |
| DVN | PUT | SWEEP | BULLISH | 06/20/25 | $5.35 | $5.15 | $5.24 | $37.50 | $49.1K | 7.1K | 94 |
| DVN | PUT | TRADE | NEUTRAL | 11/21/25 | $5.7 | $3.8 | $4.6 | $35.00 | $45.9K | 1.1K | 100 |
About Devon Energy
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2023, Devon reported net proved reserves of 1.8 billion barrels of oil equivalent. Net production averaged roughly 658,000 barrels of oil equivalent per day in 2023 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
After a thorough review of the options trading surrounding Devon Energy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Devon Energy Standing Right Now?
- Trading volume stands at 5,594,509, with DVN's price down by -1.76%, positioned at $34.15.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 75 days.
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Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Devon Energy options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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