StockTwits Trending Alert: Trading recent interest in DEVON ENERGY $DVN

Quantchabot has detected a new Bear Call Spread trade opportunity for DEVON ENERGY (DVN) for the 31-May-2024 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

DVN was recently trading at $49.64 and has an implied volatility of 20.30% for this period. Based on an analysis of the options available for DVN expiring on 31-May-2024, there is a 32.06% likelihood that the underlying will close within the analyzed range of $47.71-$49.64 at expiration. In this scenario, the average linear return for the trade would be 402.07%.

Trending on StockTwits: StockTwits® is a financial communications platform for the financial and investing community. On their site, DEVON ENERGY was recently trending, indicating that breaking news and/or market activity has significantly impacted sentiment toward the stock. This movement can be interpretted as a sign of more near-term price movement for the underlying.

Trade approach: The recent sentiment change in DVN on StockTwits appears to be moderately negative, indicating that the stock is likely to follow in that direction for investors trading on sentiment. As a result, a bearish strategy could prove effective if the sentiment ultimately turns out to drive trading.

Upside potential: Using this bearish strategy, the trade would be profitable if DEVON ENERGY closed at or below $49.72 on 31-May-2024. Based on our analysis, there is a 49.24% likelihood of this return.

Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.

To analyze this trade in depth, please visit the Quantcha Options Search Engine.






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