Devon Energy (DVN) Options Chain

NYSE: DVNEnergyOil & Gas ProductionUSD

48.92+1.04 (+2.17%)

At close: Oct 8, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 9, 2026
Days to expiration: 1
Share price: $48.92
Put/call ratio (OI): 0.62
Put/call ratio (volume): 1.74
ATM implied volatility: 45.4%
Expected move: ±$1.16
Open interest (C / P): 6.18K / 3.81K

DVN options summary

The DVN options chain for the October 9, 2026 expiration lists 26 call and 25 put contracts, with 1 day until expiration. Open interest stands at 6,182 calls and 3,811 puts, a put/call ratio of 0.62, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $49.00 strike is 45.4%, which implies the market expects a move of about ±$1.16 (2.4%) in Devon Energy stock by expiration.

The most open interest sits at the $49.00 call (942 contracts) and the $47.00 put (581 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

DVN options chain · October 9, 2026

DVN calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	30.00	0.00	0.42	0.20	554.7%	1	232
—	—	—	—	—	—	34.00	0.00	0.43	0.22	434.4%	1	101
—	—	—	—	—	—	38.00	0.00	0.43	0.07	322.7%	—	10
—	—	—	—	—	—	39.00	0.00	0.43	0.06	296.1%	2	13
—	—	—	—	—	—	40.00	0.00	0.43	0.03	269.5%	4	7
7	7	165.6%	6.66	7.00	8.90	41.00	0.00	0.43	0.08	243.4%	4	52
—	—	—	—	—	—	42.00	0.00	0.43	0.13	217.2%	2	41
13	10	126.6%	5.50	4.95	6.95	43.00	0.00	0.30	0.13	174.6%	124	354
15	39	117.2%	4.95	4.45	6.45	43.50	0.00	0.43	0.03	178.5%	47	45
12	16	120.3%	4.45	4.50	5.45	44.00	0.00	0.44	1.26	166.8%	5	37
21	3	75.0%	4.30	3.90	4.95	44.50	0.00	0.01	0.01	75.0%	25	167
41	9	151.6%	3.88	3.55	4.20	45.00	0.00	0.19	0.07	111.7%	6	161
22	21	168.4%	2.99	2.66	3.90	45.50	0.00	0.11	0.01	88.3%	75	140
235	9	95.7%	2.98	2.79	3.30	46.00	0.00	0.19	0.08	88.7%	94	214
112	1	126.2%	2.53	1.95	2.82	46.50	0.00	0.05	0.01	56.3%	161	388
85	51	73.0%	2.01	1.82	2.30	47.00	0.01	0.09	0.02	54.7%	261	581
640	47	52.3%	1.63	1.22	1.81	47.50	0.01	0.14	0.04	59.8%	93	443
618	144	61.7%	1.12	0.95	1.19	48.00	0.05	0.18	0.08	50.8%	34	388
441	16	76.0%	0.75	0.56	1.44	48.50	0.13	0.30	0.35	47.3%	26	38
DVN $48.92
942	102	45.9%	0.38	0.29	0.43	49.00	0.33	0.50	0.48	44.9%	90	202
595	38	51.6%	0.29	0.13	0.29	49.50	0.30	1.37	1.79	102.7%	2	5
878	69	55.9%	0.08	0.04	0.19	50.00	0.80	1.62	1.35	95.7%	4	88
340	34	49.6%	0.03	0.02	0.03	51.00	1.67	2.80	2.48	76.6%	46	103
874	11	56.3%	0.02	0.00	0.02	52.00	2.70	3.25	3.60	102.0%	9	1
81	1	75.0%	0.01	0.00	0.03	53.00	3.65	4.70	4.45	106.3%	6	0
88	6	84.4%	0.01	0.00	0.02	54.00	—	—	—	—	—	—
28	2	172.7%	0.05	0.00	0.43	55.00	—	—	—	—	—	—
49	1	191.4%	0.02	0.00	0.43	56.00	—	—	—	—	—	—
4	2	112.5%	0.04	0.00	0.01	57.00	—	—	—	—	—	—
35	1	226.9%	0.09	0.00	0.43	58.00	—	—	—	—	—	—
2	2	243.8%	0.18	0.00	0.43	59.00	—	—	—	—	—	—
4	3	259.8%	0.23	0.00	0.43	60.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the DVN put/call ratio?

For the October 9, 2026 expiration, the DVN put/call ratio based on open interest is 0.62 (3,811 puts vs 6,182 calls), and 1.74 based on today's volume. A ratio above 1 means more puts than calls.

What is DVN's implied volatility?

At-the-money implied volatility for DVN options expiring October 9, 2026 is about 45.4%, an annualized estimate of how much the market expects Devon Energy stock to move.

How many DVN option expiration dates are there?

DVN has 17 listed expiration dates, from Oct 9, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.