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DVN |
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Ergo, anything is possible; the investors could be selling the out-of-the-money calls in hopes of pocketing the relatively decent premium in the event that DVN is unable to breach 75 by November options expiration. I can't stress how important it is for DVN to hold the 70 level. On the news, shares of DVN gushed more than 13 percent higher, tagging a new all-time high and taking out long-term resistance in the 70 area. |
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