DVN (DVN) options memo

The Read

The Read is generated on demand from the live tape.

Key numbers

• Spot: $46.91
• Lean: neutral
• Nearest expiry: Fri 8/28
• Implied move: 1.9%
• ATM implied volatility: 37.2%
• Max pain: $46.50
• Pin strike: $50.00
• Gamma flip: $44.85
• Dealer positioning: SHORT GAMMA
• Call wall: $50.00
• Put wall: $48.00
• Put/call open interest: 0.641