Waste Management (WM) Options Chain

NYSE: WMUtilitiesEnvironmental ServicesUSD

208.83-1.27 (-0.60%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 40
Share price: $208.83
Put/call ratio (OI): 1.68
Put/call ratio (volume): 1.93
ATM implied volatility: 24.4%
Expected move: ±$16.88
Open interest (C / P): 1.36K / 2.28K

WM options summary

The WM options chain for the November 20, 2026 expiration lists 11 call and 14 put contracts, with 40 days until expiration. Open interest stands at 1,357 calls and 2,277 puts, a put/call ratio of 1.68, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $210.00 strike is 24.4%, which implies the market expects a move of about ±$16.88 (8.1%) in Waste Management stock by expiration.

The most open interest sits at the $220.00 call (394 contracts) and the $195.00 put (559 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

WM options chain · November 20, 2026

WM calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
1	1	68.0%	73.00	67.50	71.40	140.00	—	—	—	—	—	—
—	—	—	—	—	—	155.00	—	—	0.16	—	—	—
—	—	—	—	—	—	160.00	—	—	0.36	—	—	—
2	2	57.6%	34.01	37.80	41.50	170.00	0.00	0.60	0.22	38.9%	1	32
—	—	—	—	—	—	175.00	0.00	0.75	0.23	36.2%	1	17
—	—	—	—	—	—	180.00	0.20	0.45	0.32	28.1%	1	129
—	—	—	—	—	—	185.00	0.50	0.70	0.59	26.6%	4	220
—	—	—	22.00	—	—	190.00	0.90	1.10	1.05	25.1%	16	170
5	4	29.9%	11.70	15.10	16.80	195.00	1.65	1.85	1.80	24.4%	81	559
45	12	28.1%	12.00	11.50	12.90	200.00	2.75	2.95	2.80	23.5%	48	404
WM $208.83
332	31	26.0%	6.30	6.10	6.70	210.00	6.30	7.00	6.92	22.9%	21	557
394	35	24.7%	2.55	2.40	2.85	220.00	11.60	14.60	12.40	27.1%	16	177
368	14	25.8%	1.30	0.95	1.25	230.00	21.30	23.10	25.41	29.8%	10	12
193	1	25.9%	0.29	0.05	0.45	240.00	29.90	33.00	32.19	37.1%	1	0
14	3	28.5%	0.40	0.05	0.25	250.00	40.10	43.20	41.73	45.5%	1	0
3	1	39.2%	0.17	0.00	0.60	260.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the WM put/call ratio?

For the November 20, 2026 expiration, the WM put/call ratio based on open interest is 1.68 (2,277 puts vs 1,357 calls), and 1.93 based on today's volume. A ratio above 1 means more puts than calls.

What is WM's implied volatility?

At-the-money implied volatility for WM options expiring November 20, 2026 is about 24.4%, an annualized estimate of how much the market expects Waste Management stock to move.

How many WM option expiration dates are there?

WM has 12 listed expiration dates, from Oct 16, 2026 to Jan 19, 2029.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.