Devon Energy Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Devon Energy (NYSE:DVN), with 70% of detected unusual options trades being bearish. Whales have been targeting a price range of $45 to $65 for Devon Energy over the last 3 months. The stock is currently down 3.26% at $48.05.

May 25, 2023 | 4:18 pm
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Unusual options activity indicates a bearish stance on Devon Energy (NYSE:DVN), with a target price range of $45 to $65. The stock is currently down 3.26% at $48.05.
The article highlights that a whale has taken a bearish stance on Devon Energy, with 70% of detected unusual options trades being bearish. This indicates that there is a significant amount of money betting on the stock's decline, which could lead to a short-term negative impact on the stock price. The target price range of $45 to $65 also suggests that there is potential downside from the current stock price of $48.05.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100