Devon Energy Corporation (DVN)
Devon Energy Max Pain By Strike
DVN trades at $33.85, 4.2% above the near-term max pain of $32.5 expiring Aug 15, 2025 (1 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($8-$40), signaling increased put positioning or downside protection. Key magnetic zone at 35 where 5 expirations converge.
Devon Energy Max Pain By Expiry
Max pain for DVN shows a downward trend from 40 to 8, indicating bearish sentiment or hedging activity. The 97% spread signals divergent expectations across timeframes. Levels distributed around 33.85. Strong magnetic level at 35 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 15, 2025 | 32.5 | -1.35 (-3.99%) |
| Aug 22, 2025 | 33 | -0.85 (-2.51%) |
| Aug 29, 2025 | 33.5 | -0.35 (-1.03%) |
| Sep 5, 2025 | 34 | 0.15 (0.44%) |
| Sep 12, 2025 | 35 | 1.15 (3.40%) |
| Sep 19, 2025 | 35 | 1.15 (3.40%) |
| Sep 26, 2025 | 34 | 0.15 (0.44%) |
| Oct 17, 2025 | 30 | -3.85 (-11.37%) |
| Nov 21, 2025 | 35 | 1.15 (3.40%) |
| Dec 19, 2025 | 8 | -25.85 (-76.37%) |
| Jan 16, 2026 | 40 | 6.15 (18.17%) |
| Mar 20, 2026 | 35 | 1.15 (3.40%) |
| Jun 18, 2026 | 35 | 1.15 (3.40%) |
| Sep 18, 2026 | 32.5 | -1.35 (-3.99%) |
| Jan 15, 2027 | 40 | 6.15 (18.17%) |