DVN
Devon EnergyPrices and gamma are point-in-time snapshots taken at the time shown. Dealer positioning is an assumption, not an observable: open interest shows that a contract exists, never which side a dealer holds. How dealer gamma is computed.
LIVE MARKET SNAPSHOT
| Call Wall | 55 |
| Put Wall | 50 |
| GEX Flip | 51 |
| Vol Trigger | 51 |
| Net GEX | $3.2M |
Cached snapshot as of 2026-09-16 06:20 UTC, live streaming data in the terminal.
DVN DEALER GAMMA BY STRIKE
Part of the SquawkFlow GEX Calculator: gamma by strike for any US stock. Compare with SPX GEX.
Net gamma exposure at each strike near DVN's spot price, signed from the dealer perspective, calls positive, puts negative. Green strikes are where hedging tends to dampen moves; red is where it tends to amplify them. Dealer positioning is an assumption rather than an observable, so treat these as a map of where hedging pressure concentrates, not a forecast.
Unit: USD of dealer gamma per 1 percent move in spot. A window of the DVN option chain, not the whole book: the 30 strikes nearest spot out of 59 seen, 928 contract rows spanning 18 expirations. Gamma is taken as the chain publishes it per contract; nothing here is re-priced. Crossed with the open interest carried on that chain.
New to these levels? Start with the call wall and put wall, or the zero gamma level where the sign of dealer hedging flips.
| Strike | Net GEX | Call GEX | Put GEX | Concentration |
|---|---|---|---|---|
| 41 | -$379 | $0 | -$379 | |
| 42 | -$729 | $0 | -$729 | |
| 42.5 | $254.0K | $751.9K | -$497.9K | |
| 43 | -$787 | $0 | -$787 | |
| 43.5 | $0 | $0 | $0 | |
| 44 | -$11.7K | $24 | -$11.7K | |
| 44.5 | $0 | $0 | $0 | |
| 45 | $882.8K | $1.8M | -$958.1K | |
| 45.5 | -$224 | $0 | -$224 | |
| 46 | -$43.9K | $45.2K | -$89.1K | |
| 46.5 | -$9.9K | $0 | -$9.9K | |
| 47 | -$148.2K | $102.2K | -$250.4K | |
| 47.5 | $368.0K | $1.8M | -$1.4M | |
| 48 | -$177.0K | $79.0K | -$256.0K | |
| 48.5 | -$13.3K | $92.4K | -$105.7K | |
| 49 | -$236.4K | $307.2K | -$543.7K | |
| 49.5 | $180.4K | $402.6K | -$222.2K | |
| 50PUT WALL | -$9.3M | -$7.6M | -$1.8M | |
| 51SPOTGEX FLIP | $819.3K | $902.8K | -$83.6K | |
| 52 | $848.6K | $848.9K | -$334 | |
| 52.5 | $1.8M | $2.7M | -$905.7K | |
| 53 | $615.5K | $622.1K | -$6.6K | |
| 54 | $71.6K | $71.6K | $0 | |
| 55CALL WALL | $4.9M | $4.9M | -$6.8K | |
| 56 | $7.4K | $7.4K | $0 | |
| 57 | $0 | $0 | $0 | |
| 57.5 | $1.1M | $1.1M | $0 | |
| 58 | $0 | $0 | $0 | |
| 59 | $0 | $0 | $0 | |
| 60 | $1.4M | $1.4M | -$2.9K |
These levels were captured September 16, 2026 from the open interest carried on the option chain. New levels post before each market open. Today's SPX gamma levels.
ABOUT DVN
Devon Energy is a U.S.-focused E&P company with operations in the Delaware Basin (Permian), Anadarko Basin, Williston Basin, Eagle Ford, and Powder River Basin. The company pioneered the fixed-plus-variable dividend framework that became standard across the shale industry, linking shareholder returns directly to free cash flow generation.
WHY TRACK DVN ON SQUAWKFLOW
DVN options flow often signals expectations for variable dividend payouts tied to commodity prices. Covered call and put-write strategies on DVN are popular institutional income trades.
DVN DATA ON SQUAWKFLOW
Options Flow
DVN options flow, unusual activity, and volume concentrations from the session chain
Latest Snapshot
Last DVN price, change, volume, and the current dealer-gamma regime
GEX Dashboard
DVN gamma exposure levels, call/put walls, and GEX flip
AI Narration
AI-powered analysis of DVN market microstructure in real time
News Sentiment
DVN news with AI sentiment scoring and impact analysis
Sector Context
Energy sector rotation and relative strength vs peers
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