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Devon Energy call volume above normal and directionally bullish

Bullish option flow detected in Devon Energy (DVN) with 38,651 calls trading, 3x expected, and implied vol increasing almost 3 points to 32.90%. Feb-25 38.5 calls and Sep-25 40 calls are the most active options, with total volume in those strikes near 18,200 contracts. The Put/Call Ratio is 0.35. Earnings are expected on April 29th.

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