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 21, 2028
Days to expiration: 468
Share price: $208.83
Put/call ratio (OI): 0.38
Put/call ratio (volume): 0.56
ATM implied volatility: 24.6%
Expected move: ±$58.24
Open interest (C / P): 2.12K / 817

WM options summary

The WM options chain for the January 21, 2028 expiration lists 34 call and 31 put contracts, with 468 days until expiration. Open interest stands at 2,123 calls and 817 puts, a put/call ratio of 0.38, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $210.00 strike is 24.6%, which implies the market expects a move of about ±$58.24 (27.9%) in Waste Management stock by expiration.

The most open interest sits at the $210.00 call (323 contracts) and the $210.00 put (131 contracts).

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

WM options chain · January 21, 2028

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
10	1	53.6%	110.40	109.00	113.50	100.00	0.00	1.50	0.71	40.5%	1	1
0	1	—	112.50	0.00	0.00	110.00	0.00	2.95	0.95	42.1%	1	1
3	1	49.3%	95.55	95.00	100.00	115.00	0.00	0.00	1.30	12.5%	—	0
46	2	46.5%	92.24	90.60	95.00	120.00	0.00	3.30	1.72	38.5%	—	2
1	—	45.0%	82.82	86.00	90.50	125.00	0.50	5.00	3.92	41.0%	—	2
1	20	43.5%	80.15	81.50	86.00	130.00	0.00	1.80	1.00	29.0%	2	10
0	—	—	95.87	0.00	0.00	135.00	0.00	0.00	1.85	6.3%	10	0
—	—	—	—	—	—	140.00	0.60	2.70	2.70	28.1%	1	28
—	—	—	—	—	—	145.00	2.00	4.80	2.83	31.3%	10	12
222	6	38.2%	66.50	64.00	68.50	150.00	2.10	3.40	3.13	26.0%	1	19
0	2	—	67.32	0.00	0.00	155.00	2.70	6.00	3.25	29.4%	1	8
11	1	36.4%	58.00	56.00	60.50	160.00	2.80	6.50	4.35	28.1%	5	6
16	3	35.4%	54.18	52.00	56.50	165.00	2.80	5.50	3.75	24.2%	1	23
18	3	34.2%	49.05	48.30	52.50	170.00	4.40	8.00	6.10	26.1%	1	74
40	2	33.0%	43.44	44.50	48.50	175.00	4.20	6.30	4.77	21.4%	2	23
33	3	32.4%	44.60	40.50	45.00	180.00	5.90	9.90	8.20	24.3%	2	55
60	1	31.6%	41.00	37.60	41.50	185.00	7.70	11.00	7.89	23.4%	1	31
27	1	30.7%	37.09	34.50	38.00	190.00	8.50	12.50	10.60	22.9%	1	67
21	2	30.3%	31.20	31.40	35.00	195.00	10.50	14.50	13.39	22.7%	1	85
74	1	29.1%	31.13	28.40	31.40	200.00	13.00	14.90	14.35	20.6%	5	126
WM $208.83
323	10	28.2%	24.58	23.20	26.00	210.00	16.90	20.50	18.38	21.1%	1	131
317	11	28.2%	19.88	18.60	22.00	220.00	22.60	25.50	23.70	20.1%	1	81
154	6	27.6%	14.96	14.00	18.00	230.00	28.00	31.50	29.41	19.3%	1	14
177	10	26.4%	11.32	11.20	13.90	240.00	35.00	38.50	37.67	18.8%	2	5
130	5	26.5%	8.83	8.70	11.50	250.00	43.00	46.00	39.42	18.1%	5	5
30	1	26.6%	7.25	6.60	9.50	260.00	51.00	54.50	53.80	17.9%	—	3
60	1	26.9%	6.12	4.80	8.00	270.00	57.00	60.50	69.60	—	1	2
56	2	26.8%	3.85	3.50	6.50	280.00	54.00	57.00	45.85	—	1	2
20	1	27.1%	3.10	2.30	5.50	290.00	69.50	74.50	65.60	—	1	1
121	1	27.9%	2.97	1.60	4.90	300.00	—	—	—	—	—	—
51	2	28.8%	2.35	1.55	4.50	310.00	81.50	86.00	73.51	—	1	0
17	2	28.7%	2.10	1.20	3.70	320.00	91.00	96.00	86.00	—	1	0
54	5	25.7%	1.80	0.65	1.90	330.00	—	—	—	—	—	—
8	1	34.0%	1.00	0.00	5.00	340.00	—	—	—	—	—	—
2	—	35.4%	0.95	0.00	5.00	350.00	—	—	—	—	—	—
20	1	32.8%	1.00	0.00	3.20	360.00	—	—	—	—	—	—

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 21, 2028 expiration, the WM put/call ratio based on open interest is 0.38 (817 puts vs 2,123 calls), and 0.56 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 21, 2028 is about 24.6%, 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.