Bullish option flow detected in Devon Energy (DVN) with 22,457 calls trading, 1.4x expected, and implied vol increasing over 2 points to 42.68%. Jan-27 75 calls and Apr-26 55 calls are the most active options, with total volume in those strikes near 8,800 contracts. The Put/Call Ratio is 0.25. Earnings are expected on May 5th.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 raised to $60 from $44 at Citi
- Devon Energy price target raised to $59 from $46 at Morgan Stanley
- Devon Energy Extends Revolving Credit Facility Maturity
- Truist Sees Re-Rating Upside in Devon–Coterra Merger on Synergies, Discount Valuation, and Robust Cash Returns
- Devon Energy initiated with a Buy at Truist