DVN call volume above normal and directionally bullish
Options activity in DVN on 2026-06-02 was heavily call-skewed, led by a large July 17 50.0 strike call block and overall volume running well above average.
DVN saw unusually heavy call activity on 2026-06-02, with total options volume of 19,724 and call volume of 19,254 versus 470 puts (put/call ratio 0.02). Volume was 4.86x the average and in the 94.7th percentile, with total premium of $2,897,931.20 and call premium of $2,852,858.20. The single most active contract was the 50.0 strike call expiring 2026-07-17 (18,746 contracts, $2,696,107 in premium). Average implied volatility was 42.12% (IV30 42.2%), with an expected move of ±3.71% ($1.73) implying a range of $44.94–$48.40. The equity traded at $46.68, up $0.36 (0.79%), and earnings are scheduled for 2026-08-04.