Jan. 14 at 10:31 PM
$DVN investors have been buying over 6,900 call options contracts in DVN stock that expire in 9 days on Jan. 23. Moreover, the strike or exercise price is set at
$40.00 per share, or +4.7% higher than today's price at
$38.20. That means that the call option exercise price is out-of-the-money - i.e., DVN stock has to rise before the call option will have any intrinsic value.
In other words, the investors on both sides of the trade - buyers and sellers (especially if they are covered call option sellers) may be bullish on DVN stock's prospects. according to Seeking Alpha, Devon Energy has had 8 consecutive years of DPS growth, including 26 years of consecutive dividend payments. the potential dividend yield is now:
$1.04 /
$38.15 = 0.02726 = 2.73%
