RVTY Iron Condor Strategy
RVTY (Revvity, Inc.), in the Healthcare sector, (Medical - Diagnostics & Research industry), listed on NYSE.
Revvity, Inc. provides products, services, and solutions to the diagnostics, life sciences, and applied services markets worldwide. It operates through two segments, Discovery & Analytical Solutions and Diagnostics. The Discovery & Analytical Solutions segment provides instruments, reagents, informatics, software, subscriptions, detection, and imaging technologies that enable scientists to enhance research breakthroughs in the life sciences research market, as well as contract research and laboratory services. It also provides analytical technologies, solutions, and services for its customers to understand the characterize the health of various aspects, including air, water, and soil. In addition, this segment offers solutions to farmers and food producers; and analytical instrumentation for the industrial market, which includes the chemical, semiconductor and electronics, energy, lubricant, petrochemical, and polymer industries. The Diagnostics segment provides instruments, reagents, assay platforms, and software products for the early detection of genetic disorders, such as pregnancy and early childhood, as well as infectious disease testing in the diagnostics market.
RVTY (Revvity, Inc.) trades in the Healthcare sector, specifically Medical - Diagnostics & Research, with a market capitalization of approximately $10.62B, a trailing P/E of 44.11, a beta of 1.05 versus the broader market, a 52-week range of 81.22-118.3, average daily share volume of 1.2M, 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 1.05 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 44.11 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 iron condor on RVTY?
An iron condor sells a call spread and a put spread at strikes outside spot, collecting net premium that is kept if the underlying stays inside the inner short strikes.
Current RVTY snapshot
As of May 15, 2026, spot at $94.48, ATM IV 36.80%, IV rank 2.88%, expected move 10.55%. The iron condor 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 34-day expiry.
Why this iron condor structure on RVTY specifically: RVTY IV at 36.80% is on the cheap side of its 1-year range, which means a premium-selling RVTY iron condor collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 10.55% (roughly $9.97 on the underlying). The 34-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 $94.48 per share and to the trader's directional view on RVTY stock.
RVTY iron condor setup
The RVTY iron condor 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 $94.48, the first option leg uses a $100.00 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 34-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) |
|---|---|---|---|
| Sell 1 | Call | $100.00 | $1.93 |
| Buy 1 | Call | $105.00 | $1.03 |
| Sell 1 | Put | $90.00 | $2.53 |
| Buy 1 | Put | $85.00 | $1.51 |
RVTY iron condor risk and reward
- Net Premium / Debit
- +$191.50
- Max Profit (per contract)
- $191.50
- Max Loss (per contract)
- -$308.50
- Breakeven(s)
- $88.09, $101.92
- Risk / Reward Ratio
- 0.621
Max profit equals the net credit times 100 inside the inner strikes; max loss equals wing width minus credit times 100. Two breakevens at inner strikes plus and minus the credit.
RVTY iron condor payoff curve
Modeled P&L at expiration across a range of underlying prices for the iron condor 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | -$308.50 |
| $20.90 | -77.9% | -$308.50 |
| $41.79 | -55.8% | -$308.50 |
| $62.68 | -33.7% | -$308.50 |
| $83.57 | -11.6% | -$308.50 |
| $104.45 | +10.6% | -$253.97 |
| $125.34 | +32.7% | -$308.50 |
| $146.23 | +54.8% | -$308.50 |
| $167.12 | +76.9% | -$308.50 |
| $188.01 | +99.0% | -$308.50 |
When traders use iron condor on RVTY
Iron condors on RVTY are a delta-neutral premium-collection structure that profits if RVTY stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
RVTY thesis for this iron condor
The market-implied 1-standard-deviation range for RVTY extends from approximately $84.51 on the downside to $104.45 on the upside. A RVTY iron condor is a delta-neutral premium-collection structure that pays off when RVTY stays inside the inner short strikes through expiration; the wing width should reflect the trader's tolerance for the maximum loss scenario where the underlying breaches an outer strike. Current RVTY IV rank near 2.88% 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 36.80%. 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 iron condor positions are structurally neutral / range-bound; 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. Short-premium structures like a iron condor on RVTY carry tail risk when realized volatility exceeds the implied move; review historical RVTY earnings reactions and macro stress periods before sizing. Always rebuild the position from current RVTY chain quotes before placing a trade.
Frequently asked questions
- What is a iron condor on RVTY?
- A iron condor on RVTY is the iron condor strategy applied to RVTY (stock). The strategy is structurally neutral / range-bound: An iron condor sells a call spread and a put spread at strikes outside spot, collecting net premium that is kept if the underlying stays inside the inner short strikes. With RVTY stock trading near $94.48, 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 iron condor max profit and max loss calculated?
- Max profit equals the net credit times 100 inside the inner strikes; max loss equals wing width minus credit times 100. Two breakevens at inner strikes plus and minus the credit. For the RVTY iron condor priced from the end-of-day chain at a 30-day expiry (ATM IV 36.80%), the computed maximum profit is $191.50 per contract and the computed maximum loss is -$308.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a RVTY iron condor?
- The breakeven for the RVTY iron condor priced on this page is roughly $88.09 and $101.92 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 10.55%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a iron condor on RVTY?
- Iron condors on RVTY are a delta-neutral premium-collection structure that profits if RVTY stock stays inside the inner short strikes; short strikes typically sit near 1 standard deviation from spot.
- How does current RVTY implied volatility affect this iron condor?
- RVTY ATM IV is at 36.80% with IV rank near 2.88%, 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.