Devon Energy Unusual Options Activity For August 18
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been observed in Devon Energy's options activity, with 75% of investors opening trades with bearish expectations. The total amount for puts is $335,045 and for calls is $164,451. Whales have been targeting a price range from $40.0 to $70.0 for Devon Energy over the last 3 months. The company's stock price is currently up 1.51% at $49.8. Several financial institutions have maintained their ratings on Devon Energy, with price targets ranging from $55 to $77.
August 18, 2023 | 4:00 pm
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Devon Energy has seen a significant bearish stance in its options activity. The stock price is currently up, and several financial institutions have maintained their ratings on the company, indicating a positive outlook.
The bearish stance in the options activity could indicate a potential drop in the stock price. However, the current increase in the stock price and the maintained ratings from financial institutions suggest a positive outlook, which could balance out the potential negative impact.
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IMPORTANCE 75
RELEVANCE 100