The options market is pricing a ±4.9% (±$2.18) move for DVN's 2026-08-04 · after close report. Over its last 8 reports, DVN has actually moved ±2.9% on average (biggest: ±8.6%). That's a 0.59× realized-vs-implied ratio, so the options look overpriced — DVN has historically moved less than what's priced, which favors selling premium (iron condor / credit spreads) if you have an edge. It has exceeded the implied move in 25% of those prints, beaten EPS estimates 88% of the time (8 quarters), and the 1-day reaction has been positive 75% of the time (avg +0.5%).
This is a data-driven edge, not a prediction of direction — earnings are binary events and any single print can gap either way. Position and size accordingly.
| Report | Est EPS | Actual | Result | Implied | 1d move | 1w move |
|---|---|---|---|---|---|---|
| 2026-05-05 | 1.00 | 1.04 | beat | ±3.8% | -8.6% | -8.3% |
| 2026-02-17 | 0.81 | 0.82 | beat | ±3.2% | +0.9% | -1.7% |
| 2025-11-05 | 0.93 | 1.04 | beat | ±3.5% | +0.3% | +8.9% |
| 2025-08-05 | 0.83 | 0.84 | beat | ±3.9% | +0.4% | +3.1% |
| 2025-05-06 | 1.27 | 1.21 | miss | ±4.6% | -1% | +12.1% |
| 2025-02-18 | 1.00 | 1.16 | beat | ±4.4% | +7.7% | +2.9% |
| 2024-11-05 | 1.06 | 1.10 | beat | ±4.4% | +1.7% | -2.5% |
| 2024-08-06 | 1.29 | 1.41 | beat | ±4.3% | +2.8% | +6.3% |
Historical implied vs actual moves & EPS beats/misses via Unusual Whales.
DVN is scheduled to report on 2026-08-04, after the close. Dates can shift until the company confirms.
The options market is pricing an expected move of about ±4.9% (±$2.18) for DVN's upcoming report — the size of the move the ATM straddle is pricing in.
Over its last 8 reports, DVN has beaten EPS estimates 88% of the time. A beat doesn't guarantee an up move — the reaction depends on guidance and how much was already priced in.
Over the last 8 reports, DVN moved ±2.9% on average versus a ±4.9% implied move — a 0.59× ratio, so the options have been rich (it moves less than priced). It exceeded the implied move 25% of the time.
Expected moves, gamma levels and the day's setups before the open — free.
See DVN's positioning too: DVN gamma exposure → · DVN options flow →
The premium earnings board ranks every upcoming report by the biggest realized-vs-implied edge — where the options are mispriced vs how the stock actually moves — with the play on each.
Data via Unusual Whales · refreshes each session · educational, not financial advice · earnings are binary events with substantial risk.
