Devon Energy Sees Unusual Call Option Activity Ahead of Q4 Earnings

Devon Energy (DVN) has seen unusual call option activity, with investors potentially expecting a dividend hike following the announcement of Q4 earnings on Feb. 17. The company has a history of quarterly dividend payments with consecutive years of growth, and investors may be optimistic about a potential increase in the quarterly dividend per share. The stock price has risen from a recent low of $34.47 to $38.15, and the call option volume is high, with over 6,900 contracts bought expiring in 9 days.