Financial giants have made a conspicuous bearish move on Devon Energy. Our analysis of options history for Devon Energy DVN revealed 11 unusual trades.
Delving into the details, we found 27% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $306,780, and 8 were calls, valued at $362,898.
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 $35.0 to $45.0 for Devon Energy over the last 3 months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Devon Energy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Devon Energy's substantial trades, within a strike price spectrum from $35.0 to $45.0 over the preceding 30 days.
Devon Energy Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DVN | PUT | SWEEP | BEARISH | 08/15/25 | $5.4 | $5.3 | $5.4 | $40.00 | $152.2K | 565 | 526 |
| DVN | PUT | SWEEP | BEARISH | 08/15/25 | $5.45 | $5.4 | $5.4 | $40.00 | $123.9K | 565 | 242 |
| DVN | CALL | SWEEP | BULLISH | 08/15/25 | $3.85 | $3.7 | $3.85 | $37.50 | $103.5K | 567 | 0 |
| DVN | CALL | TRADE | BULLISH | 11/21/25 | $2.81 | $2.75 | $2.81 | $42.50 | $48.3K | 147 | 294 |
| DVN | CALL | SWEEP | NEUTRAL | 11/21/25 | $2.86 | $2.75 | $2.75 | $42.50 | $45.1K | 147 | 452 |
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.
Devon Energy's Current Market Status
- Currently trading with a volume of 5,716,451, the DVN's price is down by -0.33%, now at $36.65.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 35 days.
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Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Devon Energy with Benzinga Pro for real-time alerts.
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