Trading a DVN straddle lets you take a pure volatility position on Devon Energy Corp without committing to a direction. Devon Energy Corp's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate DVN straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on DVN profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when Devon Energy Corp stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the DVN straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the DVN straddle is the cleanest expression of that view. Our scanner prices every DVN straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a DVN straddle into a catalyst or short a DVN straddle to harvest decay, the options straddle setups that matter are all in one place.
