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: Dec 18, 2026
Days to expiration: 68
Share price: $48.26
Put/call ratio (OI): 0.49
Put/call ratio (volume): 0.90
ATM implied volatility: 37.0%
Expected move: ±$7.70
Open interest (C / P): 25.17K / 12.35K

DVN options summary

The DVN options chain for the December 18, 2026 expiration lists 21 call and 18 put contracts, with 68 days until expiration. Open interest stands at 25,169 calls and 12,347 puts, a put/call ratio of 0.49, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $47.50 strike is 37.0%, which implies the market expects a move of about ±$7.70 (15.9%) in Devon Energy stock by expiration.

The most open interest sits at the $55.00 call (5.90K contracts) and the $40.00 put (2.81K contracts).

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

DVN options chain · December 18, 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
0	—	125.6%	32.61	29.85	32.05	17.50	0.00	0.82	0.25	145.6%	—	2
37	19	112.8%	27.95	27.40	29.55	20.00	0.00	0.44	0.01	113.3%	1	53
4	1	96.9%	28.34	24.90	27.00	22.50	0.00	0.86	0.43	114.2%	9	57
8	1	120.5%	19.00	22.00	24.15	25.00	0.00	0.29	0.12	81.0%	1	461
3	—	—	19.90	14.85	17.25	27.50	0.00	0.37	0.05	73.7%	2	595
19	10	67.2%	19.52	17.45	19.55	30.00	0.00	0.19	0.08	56.6%	1	330
38	1	60.0%	16.35	15.00	17.10	32.50	0.00	0.22	0.09	56.5%	3	2,440
100	6	63.0%	12.97	13.15	14.70	35.00	0.05	0.26	0.19	49.4%	12	679
195	1	70.4%	11.50	10.35	12.25	37.50	0.02	0.40	0.20	45.4%	8	481
481	10	58.5%	9.75	8.35	9.75	40.00	0.37	0.67	0.40	42.9%	6	2,815
283	4	50.6%	7.62	6.15	7.50	42.50	0.77	0.89	0.81	37.0%	4	1,211
858	90	46.4%	5.05	4.75	5.60	45.00	1.43	1.58	1.43	36.2%	103	1,188
1,628	1	38.0%	3.50	3.30	3.55	47.50	2.45	2.61	2.50	35.9%	53	763
DVN $48.26
4,186	55	39.7%	2.56	2.08	2.58	50.00	3.80	4.05	3.65	36.5%	3	542
2,120	40	37.4%	1.53	1.37	1.57	52.50	5.00	6.30	5.15	43.7%	44	703
5,900	50	36.8%	0.94	0.92	0.96	55.00	7.90	8.60	11.40	49.8%	15	17
2,054	3	38.5%	0.73	0.51	0.67	57.50	—	—	—	—	—	—
4,501	5	40.7%	0.45	0.25	0.50	60.00	13.25	16.55	17.74	82.1%	11	10
1,153	1	45.8%	0.15	0.10	0.33	65.00	16.55	17.95	22.50	50.9%	1	0
675	8	51.1%	0.13	0.00	0.25	70.00	—	—	—	—	—	—
926	1	50.6%	0.05	0.00	0.22	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 December 18, 2026 expiration, the DVN put/call ratio based on open interest is 0.49 (12,347 puts vs 25,169 calls), and 0.90 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 December 18, 2026 is about 37.0%, 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.