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Devon Energy Corporation DVN 44.12 -3.5 -7.35%

Previous-day view · Wed Nov 4 close. You are previewing the previous trading day. Subscribe to see today live and every other date — Trader is $59/mo. Sign up Sign in

Expected move

November 04, 2026 close · $44.25
Horizon Expected move Typical range 2 in 3 closes 9 in 10 closes
Next session ±4.7% ±$2.08 $42.17 – $46.33 $41.76 – $46.74 $39.80 – $48.70
2 sessions Earnings ±6.8% ±$3.02 $41.23 – $47.27 $40.49 – $48.01 $37.71 – $50.79
3 sessions Earnings ±8.7% ±$3.84 $40.41 – $48.09 $39.52 – $48.98 $36.02 – $52.48
1 week Earnings ±11.3% ±$5.01 $39.24 – $49.26 $38.03 – $50.47 $33.72 – $54.78
2 weeks Earnings ±15.9% ±$7.06 $37.19 – $51.31 $35.53 – $52.97 $29.36 – $59.14
3 weeks Earnings ±19.4% ±$8.58 $35.67 – $52.83 $33.62 – $54.88 $26.21 – $62.29
1 month Earnings ±22.8% ±$10.07 $34.18 – $54.32 $31.75 – $56.75 $23.07 – $65.43
Size, not direction. The 68% and 90% bands held 66–68% and 89–90% of closes in held-out years 2019–2026. DVN reports in 2 sessions; only the horizons marked Earnings include its jump. Draw the cone on the chart →

Volatility premium

Beta
The forecast is for the current session, which this plan does not open.

Earnings: priced against what happened

Average implied move
±4.89%
Average actual move
3.55%
Beyond the implied move
2 / 7
Median IV change
-16.83%
Reaction session Implied Actual Used ATM IV before → after
August 05, 2026 ±4.56% -4.45% 0.98× 44.1% → 36.7%
May 06, 2026 ±4.54% -8.61% 1.90× —
February 18, 2026 ±5.05% +0.91% 0.18× —
August 06, 2025 ±4.61% +0.43% 0.09× 42.2% → 35.5%
May 07, 2025 ±5.41% -0.98% 0.18× 47.9% → 40.0%
February 19, 2025 ±5.13% +7.71% 1.50× 41.4% → 33.6%
November 06, 2024 ±4.93% +1.73% 0.35× 42.7% → 30.7%
Reconstructed from archived mid quotes; the straddle covers its expiration, not only the reaction session. These are not option returns. Method and missing reports →