Healthcare diagnostics don't make for flashy headlines, but they make for steady profits. Revvity's Q1 earnings beat shows exactly why we're selling the $90 put for $2.67 — that's a 3.0% return over 41 days, or roughly 26% annualized.
The trade sits $8.85 out of the money with RVTY trading at $98.85, right at its 50-day moving average of $90.00. That moving average becomes our strike price, creating a technical floor that's held for months. With a delta of -0.25, we're collecting premium on a name that would need to fall 9% just to reach our strike.
RVTY's fundamentals tell the story of a company executing well in a defensive sector. The 8.3% profit margin isn't spectacular, but it's steady. More importantly, that Q1 beat came from organic growth and operational discipline — the kind of boring excellence that keeps healthcare names resilient. The 47.8 P/E looks rich until you consider analysts have a $114 target, suggesting 15% upside from current levels.
The 49.5% implied volatility creates the opportunity here. Healthcare diagnostics shouldn't trade with biotech-level volatility, but the market's giving us that premium anyway. We're essentially betting that a profitable, dividend-paying healthcare company won't crater 9% in the next six weeks.
Watch for any sector rotation out of healthcare or broader market volatility that could pressure the stock toward our strike.
Today's Atlas Trades
GE — Short Put
- Strike: $285.0
- Expiration: 2026-06-05
- Premium: $8.3
- Stock Price: $302.63
- IV: 48.9%
- Delta: -0.297
- DTE: 28
WPM — Short Put
- Strike: $125.0
- Expiration: 2026-06-05
- Premium: $4.14
- Stock Price: $131.56
- IV: 50.0%
- Delta: -0.323
- DTE: 28
CPNG — Short Put
- Strike: $16.0
- Expiration: 2026-06-05
- Premium: $0.49
- Stock Price: $17.22
- IV: 54.4%
- Delta: -0.280
- DTE: 28
BILL — Short Put
- Strike: $36.0
- Expiration: 2026-06-05
- Premium: $1.21
- Stock Price: $37.66
- IV: 48.5%
- Delta: -0.336
- DTE: 28
AFRM — Short Put
- Strike: $62.0
- Expiration: 2026-06-05
- Premium: $1.86
- Stock Price: $67.36
- IV: 56.8%
- Delta: -0.266
- DTE: 28
EMR — Short Put
- Strike: $136.0
- Expiration: 2026-06-05
- Premium: $4.22
- Stock Price: $141.09
- IV: 43.2%
- Delta: -0.348
- DTE: 28
MT — Short Put
- Strike: $56.0
- Expiration: 2026-06-05
- Premium: $1.63
- Stock Price: $61.14
- IV: 57.3%
- Delta: -0.258
- DTE: 28
RKT — Short Put
- Strike: $13.0
- Expiration: 2026-06-05
- Premium: $0.32
- Stock Price: $14.15
- IV: 51.5%
- Delta: -0.246
- DTE: 28
CNQ — Short Put
- Strike: $43.0
- Expiration: 2026-06-05
- Premium: $1.25
- Stock Price: $44.74
- IV: 42.2%
- Delta: -0.337
- DTE: 28
SATS — Short Put
- Strike: $112.0
- Expiration: 2026-06-05
- Premium: $3.38
- Stock Price: $122.62
- IV: 59.1%
- Delta: -0.257
- DTE: 28
RVTY — Short Put
- Strike: $90.0
- Expiration: 2026-06-18
- Premium: $2.67
- Stock Price: $98.85
- IV: 49.5%
- Delta: -0.250
- DTE: 41
MNRO — Short Put
- Strike: $17.5
- Expiration: 2026-05-15
- Premium: $0.51
- Stock Price: $17.43
- IV: 50.1%
- Delta: -0.505
- DTE: 7