Sep. 5 at 12:43 AM
Saw a big move in
$DVN today with a 10,000-contract Nov 20
$50 call block at the ask on InsiderFinance
That's a hefty
$2.3M premium and about 4% OTM, pointing to some fresh upside interest
But it’s a small sample size so maybe not a standalone buy signal
At the same time, there were sweeps in Nov 20 and Sep 18
$47.5 puts, totaling around
$700K
Looks like someone’s hedging their bets
This suggests tactically bullish but cautious positioning
No major new catalysts except for a previous Mizuho "preferred" nod
With a mild 5-day uptrend and a dip today, might want to see how this plays out
