Bullish option flow detected in Devon Energy (DVN) with 14,819 calls trading, 1.2x expected, and implied vol increasing over 2 points to 55.50%. Oct-25 30 calls and Jan-26 27.5 calls are the most active options, with total volume in those strikes near 4,400 contracts. The Put/Call Ratio is 0.57. Earnings are expected on May 6th.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DVN:
- Devon Energy price target lowered to $42 from $47 at Morgan Stanley
- Devon Energy price target lowered to $40 from $49 at RBC Capital
- Devon Energy price target lowered to $44 from $46 at Wells Fargo
- Devon Energy: Strategic Cost Management and Shareholder Commitment Justify Buy Rating
- Devon Energy put volume heavy and directionally bearish