Bearish flow noted in Devon Energy with 9,843 puts trading, or 1.7x expected. Most active are 2/9 weekly 40.5 puts and Mar-24 37.5 puts, with total volume in those strikes near 5,400 contracts. The Put/Call Ratio is 1.59, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 27th.
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