Financial giants have made a conspicuous bearish move on Devon Energy. Our analysis of options history for Devon Energy DVN revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 44% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $764,768, and 5 were calls, valued at $233,359.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $40.0 for Devon Energy over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Devon Energy options trades today is 2561.33 with a total volume of 3,076.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Devon Energy's big money trades within a strike price range of $30.0 to $40.0 over the last 30 days.
Devon Energy Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DVN | PUT | TRADE | NEUTRAL | 01/15/27 | $6.45 | $2.68 | $4.75 | $32.50 | $427.5K | 295 | 900 |
| DVN | PUT | SWEEP | BULLISH | 06/20/25 | $3.15 | $3.0 | $3.0 | $35.00 | $130.5K | 9.4K | 435 |
| DVN | PUT | SWEEP | BEARISH | 08/15/25 | $4.85 | $4.75 | $4.85 | $37.50 | $128.5K | 3.1K | 266 |
| DVN | CALL | SWEEP | BULLISH | 09/19/25 | $3.8 | $3.7 | $3.8 | $35.00 | $101.1K | 871 | 267 |
| DVN | PUT | SWEEP | BEARISH | 07/18/25 | $4.6 | $4.55 | $4.6 | $37.50 | $78.1K | 2.3K | 215 |
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.
In light of the recent options history for Devon Energy, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Devon Energy's Current Market Status
- Trading volume stands at 3,489,037, with DVN's price up by 1.37%, positioned at $34.69.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 4 days.
Professional Analyst Ratings for Devon Energy
In the last month, 2 experts released ratings on this stock with an average target price of $54.0.
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. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on Devon Energy with a target price of $54. * An analyst from Raymond James persists with their Outperform rating on Devon Energy, maintaining a target price of $54.
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.
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