Bearish flow noted in Devon Energy (DVN) with 4,649 puts trading, or 1.4x expected. Most active are Jun-25 27.5 puts and May-25 25 puts, with total volume in those strikes near 2,100 contracts. The Put/Call Ratio is 1.68, while ATM IV is up nearly 2 points on the day. Earnings are expected on May 6th.
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Read More on DVN:
- Devon Energy price target lowered to $35 from $45 at Scotiabank
- Devon Energy price target lowered to $46 from $49 at Mizuho
- Devon Energy price target lowered to $35 from $41 at UBS
- Devon Energy price target lowered to $43 from $46 at Citi
- Devon Energy’s Strategic Balance: Cost Improvements and M&A Opportunities Amid Production Challenges
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