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	86	85
Risk Band	HIGH	HIGH
IV Rank	20.4	77.2
IV %	42.1%	41.0%
Edge Score	-66	-8
Price Δ	-0.4%	-0.7%
Next Earnings	2026-11-05	2026-11-02
Sector	Energy	Energy

Which has higher options risk?

DEVON ENERGY CORP/DE (DVN) currently carries the higher options risk score (86 vs 85 for FANG) — meaning more active catalysts that can drive an overnight move. For selling option premium, Diamondback Energy, Inc. (FANG) has the better edge score (-8) — 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, IV & earnings FANG risk, IV & earnings

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