Whales with a lot of money to spend have taken a noticeably bearish stance on Devon Energy.
Looking at options history for Devon Energy DVN we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $152,131 and 8, calls, for a total amount of $400,055.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $42.5 for Devon Energy over the last 3 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 $42.5 in the last 30 days.
Devon Energy Option Activity Analysis: 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 | CALL | TRADE | BEARISH | 04/17/25 | $1.9 | $1.83 | $1.83 | $40.00 | $83.2K | 1.6K | 458 |
| DVN | PUT | TRADE | BULLISH | 04/17/25 | $1.75 | $1.69 | $1.69 | $35.00 | $77.0K | 296 | 456 |
| DVN | PUT | TRADE | BULLISH | 04/17/25 | $2.79 | $2.71 | $2.71 | $37.50 | $75.0K | 621 | 277 |
| DVN | CALL | TRADE | BEARISH | 12/13/24 | $1.08 | $1.05 | $1.05 | $37.00 | $52.5K | 333 | 1.3K |
| DVN | CALL | TRADE | BEARISH | 04/17/25 | $1.25 | $1.15 | $1.15 | $42.50 | $52.4K | 3.3K | 458 |
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.
Current Position of Devon Energy
- With a volume of 3,871,585, the price of DVN is up 0.13% at $37.66.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 84 days.
What The Experts Say On Devon Energy
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $49.25.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Reflecting concerns, an analyst from Truist Securities lowers its rating to Hold with a new price target of $43. * An analyst from Citigroup has decided to maintain their Buy rating on Devon Energy, which currently sits at a price target of $48. * Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Devon Energy, targeting a price of $57. * Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Devon Energy, targeting a price of $49.
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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