Jul. 20 at 1:04 AM
The options flow on
$DVN is heating up with aggressive call accumulation. Smart money has been hitting the Ask on August and October
$45 strikes with heavy premium blocks. While there's some light pre-earnings put hedging on the books, the heavy money is clearly positioned for upside. 🐂🎯
Bull Key Levels: Need to see a clean hold above
$44.00 to ignite the next wave of momentum toward those
$45 strikes. 🐂🔥
Bear Key Levels: If
$42.00 breaks, expect the momentum to stall into a deeper consolidation range. 🐻⚠️
Take Profit Targets:
$47.00 /
$51.00. 💰💸 #hovdid #dvn #smartmoney #stocks #investing