Looking At Devon Energy's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Devon Energy (NYSE:DVN), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 18 uncommon trades, with 66% bullish and 33% bearish sentiment. The whales have been targeting a price range from $45.0 to $57.5 for Devon Energy over the last 3 months. The current price of DVN is up 0.74% at $48.75. Several financial institutions have maintained their ratings on Devon Energy, with price targets ranging from $51 to $62.
October 16, 2023 | 5:16 pm
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Devon Energy has seen unusual options activity, with a large bullish position. The price targets set by various financial institutions range from $51 to $62, indicating a potential upside.
The unusual options activity, particularly the large bullish position, indicates that big-money traders expect the price of Devon Energy to rise. This is further supported by the price targets set by various financial institutions, which are all above the current price of $48.75.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100