Bearish flow noted in Devon Energy (DVN) with 6,249 puts trading, or 6x expected. Most active are 1/9 weekly 35 puts and Jan-26 34 puts, with total volume in those strikes near 2,400 contracts. The Put/Call Ratio is 1.64, while ATM IV is up over 10 points on the day. Earnings are expected on February 17th.
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