Devon Energy (DVN) Options Chain

NYSE: DVNEnergyOil & Gas ProductionUSD

48.26-0.66 (-1.35%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Oct 16, 2026
Days to expiration: 5
Share price: $48.26
Put/call ratio (OI): 0.51
Put/call ratio (volume): 0.79
ATM implied volatility: 40.0%
Expected move: ±$2.26
Open interest (C / P): 72.98K / 36.86K

DVN options summary

The DVN options chain for the October 16, 2026 expiration lists 36 call and 32 put contracts, with 5 days until expiration. Open interest stands at 72,978 calls and 36,859 puts, a put/call ratio of 0.51, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $48.50 strike is 40.0%, which implies the market expects a move of about ±$2.26 (4.7%) in Devon Energy stock by expiration.

The most open interest sits at the $47.50 call (15.75K contracts) and the $40.00 put (10.98K contracts).

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

DVN options chain · October 16, 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
3	3	378.9%	25.15	25.55	26.75	22.50	0.00	0.79	0.09	380.1%	5	10
0	—	—	17.85	0.00	0.00	25.00	0.00	0.00	0.08	50.0%	50	0
—	—	—	—	—	—	27.50	0.00	0.43	0.20	257.4%	1	34
16	15	249.6%	18.15	17.95	19.30	30.00	0.00	0.20	0.10	193.8%	1	36
0	15	221.3%	17.28	15.55	16.80	32.50	0.00	0.43	0.24	190.6%	1	228
7	6	187.5%	14.05	13.05	14.30	35.00	0.00	0.10	0.10	123.4%	1	1,104
6	140	155.7%	12.40	10.55	11.80	37.50	0.00	0.43	0.09	132.0%	1	2,109
—	—	—	—	—	—	39.00	0.00	0.43	0.05	115.4%	—	3
22	4	98.0%	8.62	8.05	8.80	40.00	0.00	0.17	0.03	85.5%	25	10,985
—	—	—	—	—	—	41.00	0.00	0.45	0.05	94.7%	2	5
7	5	77.5%	6.73	6.05	6.80	42.00	0.00	0.29	0.06	75.2%	3	110
2,996	14	72.5%	6.40	5.60	6.25	42.50	0.00	0.09	0.02	55.1%	84	5,986
12	2	95.3%	4.82	5.15	6.40	43.00	0.00	0.12	0.05	53.5%	20	131
1	1	76.2%	4.36	4.00	5.35	44.00	0.00	0.15	0.04	55.5%	3	315
—	—	—	—	—	—	44.50	0.02	0.15	0.09	50.4%	1	73
9,109	462	52.3%	3.80	3.20	3.80	45.00	0.06	0.33	0.13	58.5%	115	2,749
50	2	69.6%	3.35	2.67	3.40	45.50	0.06	0.32	0.12	51.8%	6	176
146	2	64.5%	2.67	2.31	2.94	46.00	0.07	0.43	0.18	51.8%	22	325
741	1	49.0%	2.42	1.88	2.27	46.50	0.20	0.36	0.25	41.4%	99	126
1,238	10	52.6%	1.82	1.47	2.01	47.00	0.33	0.48	0.32	40.4%	240	446
15,753	60	54.1%	1.62	1.18	1.74	47.50	0.38	0.65	0.55	40.1%	148	6,443
431	42	47.8%	1.13	0.91	1.31	48.00	0.65	0.86	0.75	40.0%	230	859
DVN $48.26
530	113	40.2%	0.80	0.72	0.88	48.50	0.76	1.11	1.02	39.8%	90	88
253	95	40.0%	0.61	0.42	0.67	49.00	1.24	1.41	1.33	40.0%	221	64
908	120	37.7%	0.42	0.36	0.45	49.50	1.15	1.99	1.40	51.0%	75	96
10,300	256	39.2%	0.29	0.28	0.35	50.00	1.76	2.30	1.72	49.4%	160	4,102
415	51	41.2%	0.18	0.11	0.20	51.00	2.53	3.10	2.80	51.0%	36	30
159	4	43.8%	0.07	0.03	0.12	52.00	—	—	—	—	—	—
9,379	133	44.5%	0.05	0.02	0.09	52.50	3.50	4.55	3.90	62.9%	1	220
76	4	53.7%	0.05	0.00	0.14	53.00	—	—	—	—	—	—
257	1	63.7%	0.03	0.00	0.32	54.00	—	—	—	—	—	—
14,901	82	48.4%	0.01	0.01	0.02	55.00	6.30	6.95	6.65	76.2%	54	6
10	1	85.2%	0.17	0.00	0.45	56.00	6.65	7.95	8.80	83.6%	—	0
13	8	50.0%	0.10	0.00	0.01	57.00	—	—	—	—	—	—
2,269	5	84.2%	0.02	0.00	0.25	57.50	—	—	—	—	—	—
6	5	94.0%	0.06	0.00	0.35	58.00	—	—	—	—	—	—
1,433	1	68.8%	0.01	0.00	0.02	60.00	10.65	11.95	12.25	111.1%	1	0
958	3	110.2%	0.04	0.00	0.10	65.00	0.00	0.00	18.00	—	15	0
345	3	146.9%	0.05	0.00	0.20	70.00	—	—	—	—	—	—
228	500	175.0%	0.08	0.00	0.25	75.00	—	—	—	—	—	—

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 16, 2026 expiration, the DVN put/call ratio based on open interest is 0.51 (36,859 puts vs 72,978 calls), and 0.79 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 16, 2026 is about 40.0%, an annualized estimate of how much the market expects Devon Energy stock to move.

How many DVN option expiration dates are there?

DVN has 16 listed expiration dates, from Oct 16, 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.