Financiers with a great deal of cash to invest have actually taken a bearish position on Devon Energy DVN
And retail traders ought to understand.
We saw this today when the exhibition up on openly readily available choices history that we track here at Benzinga.
Whether these are organizations or simply rich people, we do not understand. However when something this huge occurs with DVN, it frequently implies someone understands something will occur.
So how do we understand what these financiers simply did?
Today, Benzinga’s choices scanner identified 8 unusual choices trades for Devon Energy.
This isn’t regular.
The general belief of these big-money traders is divided in between 12% bullish and 75%, bearish.
Out of all of the unique choices we revealed, 2 are puts, for an overall quantity of $64,540, and 6 are calls, for an overall quantity of $209,690.
Anticipated Rate Motions
Taking into consideration the Volume and Open Interest on these agreements, it appears that whales have actually been targeting a rate variety from $27.5 to $37.5 for Devon Energy over the last 3 months.
Evaluating Volume & & Open Interest
In today’s trading context, the typical open interest for choices of Devon Energy stands at 1177.0, with an overall volume reaching 3,301.00. The accompanying chart defines the development of both call and put choice volume and open interest for high-value sell Devon Energy, positioned within the strike rate passage from $27.5 to $37.5, throughout the last thirty days.
Devon Energy Choice Activity Analysis: Last thirty days
Considerable Choices Trades Identified:
| Sign | PUT/CALL | Trade Type | Belief | Exp. Date | Ask | Quote | Rate | Strike Rate | Overall Trade Rate | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DVN | CALL | TRADE | BEARISH | 05/16/25 | $ 1.61 | $ 1.59 | $ 1.59 | $ 37.50 | $ 55.8 K | 3.6 K | 1.0 K |
| DVN | CALL | SWEEP | NEUTRAL | 03/21/25 | $ 8.6 | $ 8.5 | $ 8.55 | $ 27.50 | $ 42.7 K | 55 | 50 |
| DVN | PUT | TRADE | BULLISH | 10/17/25 | $ 4.4 | $ 4.3 | $ 4.3 | $ 37.50 | $ 36.1 K | 151 | 84 |
| DVN | CALL | TRADE | BEARISH | 05/16/25 | $ 1.6 | $ 1.59 | $ 1.59 | $ 37.50 | $ 29.0 K | 3.6 K | 663 |
| DVN | CALL | TRADE | BEARISH | 10/17/25 | $ 3.5 | $ 3.45 | $ 3.45 | $ 37.50 | $ 28.9 K | 236 | 84 |
About Devon Energy
Devon Energy is an oil and gas manufacturer with acreage in numerous leading United States shale plays. While approximately 2 thirds of its production originates from the Permian Basin, it likewise holds a significant existence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2024, Devon reported net showed reserves of 2.2 billion barrels of oil equivalent. Net production balanced approximately 848,000 barrels of oil comparable each day in 2024 at a ratio of 73% oil and gas liquids and 27% gas.
Due to the current choices history for Devon Energy, it’s now suitable to concentrate on the business itself. We intend to explore its present efficiency.
Present Market Standing of Devon Energy
- Presently trading with a volume of 3,873,829, the DVN’s rate is up by 0.04%, now at $36.15.
- RSI readings recommend the stock is presently is presently neutral in between overbought and oversold.
- Prepared for incomes release remains in 40 days.
Expert Expert Scores for Devon Energy
An overall of 5 expert experts have actually offered their take on this stock in the last thirty days, setting a typical rate target of $48.2.
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* Preserving their position, an expert from Truist Securities continues to hold a Hold ranking for Devon Energy, targeting a rate of $44.
* An expert from Barclays has actually chosen to keep their Equal-Weight ranking on Devon Energy, which presently sits at a rate target of $44.
* Constant in their assessment, an expert from Raymond James keeps a Outperform ranking on Devon Energy with a target rate of $46.
* An expert from Piper Sandler has actually chosen to keep their Obese ranking on Devon Energy, which presently sits at a rate target of $55.
* Constant in their assessment, an expert from Susquehanna keeps a Favorable ranking on Devon Energy with a target rate of $52.
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Momentum 23.11
Development 64.25
Quality–
Worth 85.88
Market News and Data gave you by Benzinga APIs