Devon Energy call volume above normal and directionally bullish
The Fly

Devon Energy call volume above normal and directionally bullish

Bullish option flow detected in Devon Energy with 18,192 calls trading, 1.3x expected, and implied vol increasing over 3 points to 29.85%. 8/2 weekly 50 calls and Jan-25 45 calls are the most active options, with total volume in those strikes near 7,900 contracts. The Put/Call Ratio is 0.32. Earnings are expected on August 6th.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Related Articles
TheFlyUnusually active option classes on open September 19th
TheFlyDevon Energy price target lowered to $51 from $55 at Morgan Stanley
TheFlyDevon Energy price target lowered to $53 from $58 at Mizuho
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App