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: Jan 15, 2027
Days to expiration: 96
Share price: $48.26
Put/call ratio (OI): 0.62
Put/call ratio (volume): 0.46
ATM implied volatility: 36.7%
Expected move: ±$9.09
Open interest (C / P): 75.59K / 47.15K

DVN options summary

The DVN options chain for the January 15, 2027 expiration lists 22 call and 22 put contracts, with 96 days until expiration. Open interest stands at 75,589 calls and 47,147 puts, a put/call ratio of 0.62, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $47.50 strike is 36.7%, which implies the market expects a move of about ±$9.09 (18.8%) in Devon Energy stock by expiration.

The most open interest sits at the $42.50 call (10.39K contracts) and the $30.00 put (7.86K contracts).

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

DVN options chain · January 15, 2027

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
2	5	118.0%	35.35	32.35	34.50	15.00	0.00	0.00	0.04	50.0%	4	0
11	45	103.3%	32.50	29.85	32.00	17.50	0.00	0.14	0.02	90.6%	10	1,784
42	1	93.0%	28.33	27.40	29.50	20.00	0.00	0.36	0.12	92.2%	2	303
48	2	83.6%	25.35	24.90	27.05	22.50	0.00	0.23	0.03	75.0%	10	1,186
109	5	74.9%	22.55	22.45	24.55	25.00	0.02	0.14	0.04	62.1%	1	2,990
1,384	1	66.7%	20.90	19.95	22.10	27.50	0.02	0.18	0.10	55.9%	1	3,230
469	10	60.0%	17.54	17.50	19.65	30.00	0.00	0.22	0.10	55.7%	1	7,859
262	4	57.4%	16.38	15.70	16.80	32.50	0.10	0.28	0.15	50.2%	2	4,742
2,768	4	59.2%	14.03	12.70	14.20	35.00	0.15	0.35	0.20	44.7%	1	6,665
1,212	2	59.4%	12.00	11.10	12.25	37.50	0.29	0.49	0.35	40.5%	1	3,049
3,091	5	52.2%	9.91	8.45	9.95	40.00	0.61	0.75	0.60	37.6%	6	3,505
10,389	1	47.1%	7.85	6.40	7.85	42.50	1.08	1.23	1.15	36.0%	43	2,378
8,722	30	44.7%	6.00	4.75	6.10	45.00	1.84	1.99	1.88	35.2%	38	3,411
1,614	132	37.2%	4.35	3.80	4.05	47.50	2.90	3.20	2.81	36.3%	11	4,734
DVN $48.26
7,193	144	36.4%	2.79	2.55	2.87	50.00	4.25	4.45	4.15	34.8%	2	767
6,379	30	36.3%	2.18	1.74	2.01	52.50	5.40	6.65	6.05	40.6%	4	287
8,851	75	36.9%	1.33	1.28	1.43	55.00	7.05	8.60	8.80	42.0%	5	148
6,596	172	38.8%	0.99	0.81	1.10	57.50	9.05	10.80	9.30	44.7%	20	44
8,470	12	37.9%	0.60	0.38	0.70	60.00	11.25	13.00	11.49	46.4%	2	27
1,037	10	41.6%	0.36	0.25	0.45	65.00	15.80	17.90	17.30	54.5%	25	25
217	60	45.0%	0.29	0.01	0.31	70.00	0.00	0.00	26.00	—	110	0
6,723	1	55.9%	0.12	0.05	0.47	75.00	25.95	28.45	32.02	55.7%	48	13

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 January 15, 2027 expiration, the DVN put/call ratio based on open interest is 0.62 (47,147 puts vs 75,589 calls), and 0.46 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 January 15, 2027 is about 36.7%, 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.