Financial giants have made a conspicuous bullish move on Devon Energy. Our analysis of options history for Devon Energy DVN revealed 10 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $751,435, and 3 were calls, valued at $125,375.
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 $25.0 and $45.0 for Devon Energy, spanning the last three 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 $25.0 to $45.0 in the last 30 days.
Devon Energy Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DVN | PUT | TRADE | BEARISH | 06/20/25 | $0.76 | $0.56 | $0.72 | $25.00 | $378.0K | 9.4K | 5.2K |
| DVN | PUT | TRADE | BULLISH | 01/16/26 | $6.2 | $5.0 | $5.35 | $35.00 | $142.8K | 4.5K | 270 |
| DVN | PUT | SWEEP | BULLISH | 04/17/25 | $13.8 | $12.95 | $12.95 | $45.00 | $69.9K | 2.4K | 54 |
| DVN | PUT | SWEEP | BEARISH | 07/18/25 | $3.3 | $3.2 | $3.3 | $32.50 | $64.0K | 658 | 195 |
| DVN | CALL | TRADE | BULLISH | 07/18/25 | $1.06 | $0.91 | $1.0 | $40.00 | $50.0K | 225 | 503 |
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.
Following our analysis of the options activities associated with Devon Energy, we pivot to a closer look at the company's own performance.
Current Position of Devon Energy
- Trading volume stands at 2,528,529, with DVN's price up by 1.83%, positioned at $32.55.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 56 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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.
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