May. 20 at 7:42 PM
$DVN seeing some action today
Aggressive call sweeps clustering at the 50 to 55 strikes during a greater than 2 percent pullback
Looks like dip-buying, not panic
This morning, saw three ask-side call sweeps for Jun 18
$51 and Jul 17
$50 and
$55
Around 12.7k contracts and
$2.24M in premium
That Jun
$51 sweep is a big one, four times the existing open interest
Last five sessions, DVN flow is all calls, 3.1 times the normal momentum, no puts
Got a
$1.08M May 29
$50 call block at the ask
Bullish skew, but nothing too crazy
DV