null Option on Devon Energy
| DVN Stock | USD 32.53 0.32 0.97% |
Devon Energy's latest option contracts expiring on October 17th 2025 are carrying combined implied volatility of 0.49 with a put-to-call open interest ratio of 0.53 over 31 outstanding agreements suggesting investors are buying more calls than puts on contracts expiring on October 17th 2025. The total put volume is at 148, with calls trading at the volume of 545. This yields a 0.27 put-to-call volume ratio.
Open Interest Against October 17th 2025 Option Contracts
2025-10-17
The chart above shows Devon Energy's distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Devon Energy's open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Devon Energy's option, there is no secondary market available for investors to trade.
Devon Energy Maximum Pain Price Across 2025-10-17 Option Contracts
Max pain occurs when Devon Energy's market makers reach a net positive position across all Devon Energy's options at a strike price where option holders stand to lose the most money. By contrast, Devon Energy's option sellers may reap the most after selling more options than buying, causing them to expire worthless.
In The Money vs. Out of Money Option Contracts on Devon Energy
Analyzing Devon Energy's in-the-money options over time can help investors to take a profitable long position in Devon Energy regardless of its overall volatility. This is especially true when Devon Energy's options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Devon Energy's options could be used as guardians of the underlying stock as they move almost dollar for dollar with Devon Energy's stock while costing only a fraction of its price.
Please note that buying 'in-the-money' options on Devon Energy lessens the impact of time decay, as they carry both intrinsic and time value. So, even if Devon Energy's value remains static through the expiration date, the investor can sell to close an 'in-the-money' option to avoid a potential loss. However, in-the-money Devon Energy contracts are usually more expensive to enter than their out-of-the-money counterparts. So keep in mind that while the payoffs on an in-the-money trade can be high, the investors could ultimately experience a more consequential loss if Devon Stock moves the wrong way.
Devon Energy In The Money Call Balance
When Devon Energy's strike price is surpassing the current stock price, the option contract against Devon Energy stock is said to be in the money. When it comes to buying Devon Energy's options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Devon Energy are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Devon Current Options Market Mood
Devon Energy's open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Devon Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Most options investors, including buyers and sellers of Devon Energy's calls and puts, are not very successful. It is estimated that an average options trader loses somewhere between 80% to 90% of the time. Devon Energy's option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.
Rule 16 of the current Devon contract
Base on the Rule 16, the options market is currently suggesting that Devon Energy will have an average daily up or down price movement of about 0.0306% per day over the life of the 2025-10-17 option contract. With Devon Energy trading at USD 32.53, that is roughly USD 0.009962. If you think that the market is fully incorporating Devon Energy's daily price movement you should consider buying Devon Energy options at the current volatility level of 0.49%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Purchasing Devon Energy options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Devon calls. Remember, the seller must deliver Devon Energy stock to the call owner when a call is exercised.
Devon Energy Option Chain
When Devon Energy's strike price is surpassing the current stock price, the option contract against Devon Energy stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Devon Energy's option chain is a display of a range of information that helps investors for ways to trade options on Devon. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Devon. It also shows strike prices and maturity days for a Devon Energy against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Open Int | Strike Price | Current Spread | Last Price | |||
Call | DVN251017C00055000 | 15 | 55.0 | 0.0 - 2.03 | 0.02 | Out |
Call | DVN251017C00050000 | 139 | 50.0 | 0.0 - 0.25 | 0.11 | Out |
Call | DVN251017C00047500 | 128 | 47.5 | 0.0 - 2.18 | 0.05 | Out |
Call | DVN251017C00045000 | 350 | 45.0 | 0.0 - 0.24 | 0.25 | Out |
Call | DVN251017C00042500 | 722 | 42.5 | 0.19 - 0.23 | 0.22 | Out |
Call | DVN251017C00040000 | 1265 | 40.0 | 0.37 - 0.74 | 0.39 | Out |
Call | DVN251017C00037500 | 705 | 37.5 | 0.73 - 0.8 | 0.76 | Out |
Call | DVN251017C00035000 | 4544 | 35.0 | 1.39 - 1.49 | 1.52 | Out |
Call | DVN251017C00032500 | 539 | 32.5 | 2.5 - 2.59 | 2.6 | In |
Call | DVN251017C00030000 | 2532 | 30.0 | 2.7 - 4.3 | 3.7 | In |
Call | DVN251017C00027500 | 754 | 27.5 | 5.8 - 7.05 | 5.5 | In |
Call | DVN251017C00025000 | 58 | 25.0 | 8.0 - 8.4 | 10.55 | In |
Call | DVN251017C00022500 | 2 | 22.5 | 10.35 - 11.35 | 12.78 | In |
Call | DVN251017C00020000 | 48 | 20.0 | 12.8 - 13.85 | 14.45 | In |
Call | DVN251017C00015000 | 20 | 15.0 | 17.75 - 18.1 | 17.45 | In |
Put | DVN251017P00055000 | 5 | 55.0 | 21.9 - 22.4 | 21.37 | In |
Put | DVN251017P00050000 | 0 | 50.0 | 16.95 - 18.3 | 16.95 | In |
Put | DVN251017P00047500 | 0 | 47.5 | 14.15 - 14.9 | 14.15 | In |
Put | DVN251017P00045000 | 0 | 45.0 | 11.85 - 12.6 | 13.02 | In |
Put | DVN251017P00042500 | 2 | 42.5 | 9.55 - 10.2 | 9.55 | In |
Put | DVN251017P00040000 | 221 | 40.0 | 6.65 - 7.9 | 7.0 | In |
Put | DVN251017P00037500 | 483 | 37.5 | 5.1 - 5.5 | 5.95 | In |
Put | DVN251017P00035000 | 386 | 35.0 | 2.78 - 3.9 | 3.05 | In |
Put | DVN251017P00032500 | 772 | 32.5 | 1.98 - 2.36 | 2.08 | Out |
Put | DVN251017P00030000 | 2061 | 30.0 | 1.07 - 1.18 | 1.08 | Out |
Put | DVN251017P00027500 | 659 | 27.5 | 0.48 - 0.61 | 0.56 | Out |
Put | DVN251017P00025000 | 1416 | 25.0 | 0.18 - 1.52 | 0.3 | Out |
Put | DVN251017P00022500 | 83 | 22.5 | 0.0 - 0.61 | 0.5 | Out |
Put | DVN251017P00020000 | 7 | 20.0 | 0.0 - 0.37 | 0.26 | Out |
Put | DVN251017P00017500 | 1 | 17.5 | 0.0 - 1.39 | 1.39 | Out |
Put | DVN251017P00015000 | 202 | 15.0 | 0.0 - 0.05 | 0.05 | Out |
Devon Energy Selling And Marketing Expenses Over Time
Selling And Marketing Expenses |
| Timeline |
Devon Total Stockholder Equity
Total Stockholder Equity |
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Devon Energy Corporate Directors
| Robert Mosbacher | Lead Independent Director | Profile | |
| Karl Kurz | Independent Director | Profile | |
| Mary Ricciardello | Independent Director | Profile | |
| Barbara Baumann | Independent Director | Profile |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devon Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Is Oil & Gas Exploration & Production space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Devon Energy. If investors know Devon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Devon Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Dividend Share 1.25 | Earnings Share 4.39 | Revenue Per Share | Quarterly Revenue Growth 0.216 |
The market value of Devon Energy is measured differently than its book value, which is the value of Devon that is recorded on the company's balance sheet. Investors also form their own opinion of Devon Energy's value that differs from its market value or its book value, called intrinsic value, which is Devon Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Devon Energy's market value can be influenced by many factors that don't directly affect Devon Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Devon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Devon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.