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: Jan 15, 2027
Days to expiration: 96
Share price: $208.83
Put/call ratio (OI): 0.52
Put/call ratio (volume): 1.17
ATM implied volatility: 23.1%
Expected move: ±$24.73
Open interest (C / P): 5.33K / 2.77K

WM options summary

The WM options chain for the January 15, 2027 expiration lists 35 call and 31 put contracts, with 96 days until expiration. Open interest stands at 5,332 calls and 2,773 puts, a put/call ratio of 0.52, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $210.00 strike is 23.1%, which implies the market expects a move of about ±$24.73 (11.8%) in Waste Management stock by expiration.

The most open interest sits at the $260.00 call (965 contracts) and the $200.00 put (513 contracts).

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

WM options chain · January 15, 2027

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
8	2	71.8%	101.40	102.50	106.50	105.00	0.00	1.05	0.07	69.0%	2	41
7	5	67.5%	111.30	97.50	101.50	110.00	0.00	2.20	0.36	74.1%	3	24
0	2	—	104.11	0.00	0.00	115.00	0.00	2.85	1.10	73.4%	—	1
3	1	85.5%	101.20	90.00	94.50	120.00	0.00	0.00	0.39	25.0%	1	0
9	1	205.8%	105.00	114.00	118.50	125.00	0.00	0.75	0.18	50.3%	1	7
2	2	54.5%	77.20	77.70	81.70	130.00	0.00	1.20	0.14	50.9%	1	133
6	2	176.5%	80.94	101.50	105.40	135.00	0.00	0.60	0.33	47.3%	8	161
1	2	168.2%	76.25	96.50	100.60	140.00	0.00	0.00	0.74	12.5%	4	0
4	6	160.0%	71.56	91.60	95.60	145.00	0.00	0.00	0.99	12.5%	5	0
35	2	152.6%	66.72	86.80	90.80	150.00	0.00	0.75	0.20	39.1%	1	73
6	10	145.1%	61.93	82.00	85.80	155.00	0.00	0.95	0.52	37.7%	4	73
11	1	102.9%	79.00	66.30	68.90	160.00	0.00	0.40	0.30	28.9%	1	30
23	12	131.3%	52.80	72.30	76.30	165.00	0.00	0.50	0.34	27.2%	3	48
42	2	37.5%	44.75	39.10	41.50	170.00	0.00	1.20	0.90	29.7%	10	76
0	1	—	55.66	0.00	0.00	175.00	0.55	0.90	0.70	24.6%	60	55
234	2	33.0%	31.00	29.70	32.30	180.00	0.65	1.35	1.13	24.1%	1	155
15	1	29.7%	36.47	25.50	27.50	185.00	1.35	1.85	1.85	23.0%	57	105
119	30	26.9%	22.50	21.30	22.90	190.00	1.55	2.65	2.48	22.3%	16	217
49	1	27.7%	18.33	17.50	19.70	195.00	3.20	3.80	4.00	21.9%	2	208
115	6	29.0%	16.10	14.10	17.10	200.00	4.00	5.60	5.30	22.3%	2	513
WM $208.83
285	5	24.3%	8.55	8.40	9.90	210.00	7.10	10.00	8.95	21.9%	7	401
433	18	23.5%	4.80	4.50	5.70	220.00	14.70	16.20	14.85	21.8%	2	184
749	4	22.7%	2.50	2.35	2.95	230.00	22.30	24.20	24.14	23.0%	2	193
373	2	24.0%	1.30	1.10	1.80	240.00	31.10	33.20	30.90	24.9%	10	67
454	2	22.9%	0.60	0.45	0.75	250.00	39.40	43.30	42.97	30.0%	1	0
965	27	24.6%	0.44	0.00	0.50	260.00	49.60	53.30	57.85	34.4%	1	3
856	1	30.1%	0.22	0.00	0.75	270.00	59.60	63.30	59.72	38.4%	1	0
169	4	35.4%	0.19	0.00	1.00	280.00	69.70	73.30	69.69	42.1%	1	5
59	1	36.9%	0.27	0.00	0.80	290.00	79.40	83.30	81.61	45.7%	1	0
96	4	39.4%	0.28	0.00	0.75	300.00	95.00	98.00	75.77	62.9%	3	0
86	1	44.0%	0.60	0.00	0.95	310.00	69.10	74.00	90.00	—	—	0
46	2	47.2%	0.05	0.00	1.00	320.00	—	—	—	—	—	—
0	16	12.5%	0.40	0.00	0.00	330.00	—	—	—	—	—	—
29	1	54.1%	0.10	0.00	2.40	340.00	—	—	—	—	—	—
43	2	54.7%	0.45	0.00	1.00	350.00	—	—	—	—	—	—

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 January 15, 2027 expiration, the WM put/call ratio based on open interest is 0.52 (2,773 puts vs 5,332 calls), and 1.17 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 January 15, 2027 is about 23.1%, 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.