Looking At Devon Energy's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Devon Energy (NYSE:DVN), with 18 strange trades detected. 38% of investors opened trades with bullish expectations, while 61% were bearish. Whales have been targeting a price range of $46.0 to $60.0 for Devon Energy over the last 3 months.
June 07, 2023 | 5:16 pm
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Devon Energy has seen unusual options activity, with 61% of investors taking a bearish stance. Whales have targeted a price range of $46.0 to $60.0 over the last 3 months.
The unusual options activity in Devon Energy indicates that a significant number of investors are bearish on the stock. However, the targeted price range of $46.0 to $60.0 over the last 3 months suggests that there is still some uncertainty about the stock's short-term direction. As a result, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100