Story
Revvity Sees Large Bullish Options Bet Targeting $170 Strike for 2026
Summary
Unusual options activity in Revvity (RVTY) was observed with a call-to-put ratio of nearly 156-to-1, driven by a single large trade on out-of-the-money calls expiring in November 2026.
Revvity Inc. (RVTY) experienced highly unusual options activity on Wednesday, marked by an overwhelmingly bullish sentiment as call volume vastly outpaced put volume, driven by a large, newly established position. The trading data, recorded on September 25, showed a call-to-put ratio of approximately 156-to-1, suggesting a significant directional bet on the stock's future performance.
A Concentrated Bet on Upside
The day's options flow was dominated by a single transaction targeting the November 20, 2026, expiration. According to market data from Investing.com, traders bought 2,003 contracts of the $170 strike call, a move that is notable for several reasons:
- New Positioning: The trade was initiated from a base of zero prior open interest, indicating that this is an entirely new bet rather than an adjustment to an existing position.
- Out-of-the-Money: The $170 strike price was approximately 14% above Revvity's trading price of $148.92 at the time of the activity.
- Overwhelming Volume: This single strike accounted for over 91% of the total options contracts traded for Revvity during the session, which saw 2,186 total calls against just 14 puts.
Volatility Skew Signals Bullish Shift
Further analysis of the options market reveals a structural shift in sentiment. While the 3-month implied volatility rose by 1.60 percentage points to 41.58%, a typical outcome of heavy call buying, the volatility skew saw a more significant change.
AdThe 3-month 90/110 skew, which measures the premium of protective puts relative to bullish calls, fell sharply by 3.73 percentage points. This compression suggests that the market is pricing in less risk of a significant downturn and has a growing appetite for upside potential, corroborating the bullish thesis of the large call trade.
Technical Context and Market Performance
This options activity comes as Revvity's stock trades near its 52-week high of $152.26, having already posted a year-to-date return of over 53%. While the momentum is strong, technical indicators suggest the stock may be stretched.
The Relative Strength Index (RSI) is in overbought territory on both daily (70.5) and weekly (75.9) timeframes. The trader placing the $170 call bet is therefore wagering that the stock's strong upward trend will continue and break through key resistance levels, despite these technical warnings of a potential consolidation or pullback.
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