Revvity Inc (Symbol: RVTY) launched new options trading today, with contracts set to expire in June 2027. A notable put contract at the $140.00 strike price has a current bid of $14.00, allowing investors to potentially lower their cost basis to $126.00 per share, compared to the current trading price of $143.90.
The put option is out-of-the-money by approximately 3%, with a 64% chance of expiring worthless, while investors can anticipate a 10.00% return on cash commitment if it does expire as such. Additionally, a call contract at the $155.00 strike has a bid of $16.00, offering an 18.83% total return if exercised at expiration, albeit with a 48% chance of expiring worthless.
The implied volatility for both contracts is about 41%, reflecting market expectations for stock price movement, compared to an actual trailing twelve-month volatility of 39% based on recent trading data.
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