Devon Energy Corporation (DVN)

DVN trades at $35.16, 6.5% above the near-term max pain of $33 expiring Aug 29, 2025 (6 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($8-$40), reflecting growing call interest at higher strikes. Key magnetic zone at 33 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for DVN shows an upward trend from 8 to 40, suggesting bullish positioning in longer-dated options. The 101% spread signals divergent expectations across timeframes. Most levels below 35.16 may cap rallies. Strong magnetic level at 33 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.