Bearish flow noted in Devon Energy (DVN) with 6,695 puts trading, or 1.0x expected. Most active are 2/7 weekly 35 puts and 2/7 weekly 34.5 puts, with total volume in those strikes near 4,500 contracts. The Put/Call Ratio is 2.48, while ATM IV is up nearly 2 points on the day. Earnings are expected on February 18th.
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