How are RVTY butterfly max profit and max loss calculated?

Max profit equals the wing width minus net debit times 100 (reached when the underlying pins the middle strike); max loss equals the net debit times 100. Two breakevens at lower-wing plus debit and upper-wing minus debit. For the RVTY butterfly priced from the end-of-day chain at a 30-day expiry (ATM IV 42.30%), the computed maximum profit is $349.46 per contract and the computed maximum loss is -$130.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a RVTY butterfly?

The breakeven for the RVTY butterfly priced on this page is roughly $106.30 and $113.70 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current RVTY market-implied 1-standard-deviation expected move is approximately 12.13%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current RVTY implied volatility affect this butterfly?

RVTY ATM IV is at 42.30% with IV rank near 4.28%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.

RVTY Butterfly Strategy

RVTY (Revvity, Inc.), in the Healthcare sector, (Medical - Diagnostics & Research industry), listed on NYSE.

Revvity, Inc., founded in 1937 and based in Waltham, Massachusetts, is a global enterprise that develops and delivers a wide array of products, services, and solutions. The company, which changed its name from PerkinElmer, Inc. in April 2023, caters to the diagnostics, life sciences, and applied services sectors worldwide. Its Discovery & Analytical Solutions division provides advanced instrumentation, reagents, informatics, software, subscriptions, and sophisticated detection and imaging technologies. These resources are designed to enable scientists to achieve significant breakthroughs in life sciences research. This segment also offers contract research and specialized laboratory services. Furthermore, it supplies analytical tools and services for assessing environmental health, including air, water, and soil, and delivers solutions to agricultural and food producers.

RVTY (Revvity, Inc.) trades in the Healthcare sector, specifically Medical - Diagnostics & Research, with a market capitalization of approximately $12.61B, a trailing P/E of 52.48, a beta of 1.11 versus the broader market, a 52-week range of 81.22-118.3, average daily share volume of 1.4M, a public-listing history dating back to 1965, approximately 11K full-time employees. These structural characteristics shape how RVTY stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.11 places RVTY roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 52.48 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple. RVTY pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a butterfly on RVTY?

A long call butterfly buys one lower-strike call, sells two ATM calls, and buys one higher-strike call, paying a small net debit for a defined-risk position that maxes out if the underlying pins the middle strike at expiration.

Current RVTY snapshot

As of June 29, 2026, spot at $111.47, ATM IV 42.30%, IV rank 4.28%, expected move 12.13%. The butterfly on RVTY below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 18-day expiry.

Why this butterfly structure on RVTY specifically: RVTY IV at 42.30% is on the cheap side of its 1-year range, which favors premium-buying structures like a RVTY butterfly, with a market-implied 1-standard-deviation move of approximately 12.13% (roughly $13.52 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated RVTY expiries trade a higher absolute premium for lower per-day decay. Position sizing on RVTY should anchor to the underlying notional of $111.47 per share and to the trader's directional view on RVTY stock.

RVTY butterfly setup

The RVTY butterfly below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With RVTY near $111.47, the first option leg uses a $105.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed RVTY chain at a 18-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 RVTY shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$105.00	$8.80
Sell 2	Call	$110.00	$5.05
Buy 1	Call	$115.00	$2.60

RVTY butterfly risk and reward

Net Premium / Debit: -$130.00
Max Profit (per contract): $349.46
Max Loss (per contract): -$130.00
Breakeven(s): $106.30, $113.70
Risk / Reward Ratio: 2.688

Max profit equals the wing width minus net debit times 100 (reached when the underlying pins the middle strike); max loss equals the net debit times 100. Two breakevens at lower-wing plus debit and upper-wing minus debit.

RVTY butterfly payoff curve

Modeled P&L at expiration across a range of underlying prices for the butterfly on RVTY. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$130.00
$24.66	-77.9%	-$130.00
$49.30	-55.8%	-$130.00
$73.95	-33.7%	-$130.00
$98.59	-11.6%	-$130.00
$123.24	+10.6%	-$130.00
$147.88	+32.7%	-$130.00
$172.53	+54.8%	-$130.00
$197.17	+76.9%	-$130.00
$221.82	+99.0%	-$130.00

When traders use butterfly on RVTY

Butterflies on RVTY are pinning bets - traders use them when they expect RVTY to settle near a specific level at expiration (often the prior close, a round number, or the max-pain strike) and want defined-risk exposure to that outcome.

RVTY thesis for this butterfly

The market-implied 1-standard-deviation range for RVTY extends from approximately $97.95 on the downside to $124.99 on the upside. A RVTY long call butterfly is a pinning play: it pays maximum at the middle strike if RVTY settles there at expiration, with the wing legs capping both the cost and the maximum loss to the net debit. Current RVTY IV rank near 4.28% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on RVTY at 42.30%. As a Healthcare name, RVTY options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to RVTY-specific events.

RVTY butterfly positions are structurally neutral / pin (limited-risk, limited-reward); the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. RVTY positions also carry Healthcare sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move RVTY alongside the broader basket even when RVTY-specific fundamentals are unchanged. Always rebuild the position from current RVTY chain quotes before placing a trade.

Frequently asked questions

What is a butterfly on RVTY?: A butterfly on RVTY is the butterfly strategy applied to RVTY (stock). The strategy is structurally neutral / pin (limited-risk, limited-reward): A long call butterfly buys one lower-strike call, sells two ATM calls, and buys one higher-strike call, paying a small net debit for a defined-risk position that maxes out if the underlying pins the middle strike at expiration. With RVTY stock trading near $111.47, the strikes shown on this page are snapped to the nearest listed RVTY chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are RVTY butterfly max profit and max loss calculated?: Max profit equals the wing width minus net debit times 100 (reached when the underlying pins the middle strike); max loss equals the net debit times 100. Two breakevens at lower-wing plus debit and upper-wing minus debit. For the RVTY butterfly priced from the end-of-day chain at a 30-day expiry (ATM IV 42.30%), the computed maximum profit is $349.46 per contract and the computed maximum loss is -$130.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a RVTY butterfly?: The breakeven for the RVTY butterfly priced on this page is roughly $106.30 and $113.70 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current RVTY market-implied 1-standard-deviation expected move is approximately 12.13%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a butterfly on RVTY?: Butterflies on RVTY are pinning bets - traders use them when they expect RVTY to settle near a specific level at expiration (often the prior close, a round number, or the max-pain strike) and want defined-risk exposure to that outcome.
How does current RVTY implied volatility affect this butterfly?: RVTY ATM IV is at 42.30% with IV rank near 4.28%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.