DVN vs FANG: Options Risk Comparison

DEVON ENERGY CORP/DE and Diamondback Energy, Inc. compared side by side — risk score, IV Rank, edge and earnings. Updated every 30 minutes.

Metric	DVN	FANG
Risk Score	38	49
Risk Band	LOW	MEDIUM
IV Rank	22.2%	81.2%
IV %	43.4%	40.7%
Edge Score	-16	+32
Price Δ	-0.4%	-0.3%
Next Earnings	2026-08-04	2026-08-03
Sector	Energy	Energy

Which has higher options risk?

Diamondback Energy, Inc. (FANG) currently carries the higher options risk score (49 vs 38 for DVN) — meaning more active catalysts that can drive an overnight move. For selling option premium, Diamondback Energy, Inc. (FANG) has the better edge score (+32) — a stronger blend of high IV Rank and low risk.

Risk score (0–100) reflects active catalysts — earnings, legal, SEC filings and news. Edge score = IV Rank − risk score; higher is better for selling premium.

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DVN risk pages

DVN overview DVN IV / options DVN earnings FANG overview FANG IV / options FANG earnings

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