Financial giants have made a conspicuous bearish move on Waste Management. Our analysis of options history for Waste Management WM revealed 10 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 70% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $214,580, and 5 were calls, valued at $999,214.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $150.0 to $240.0 for Waste Management during the past quarter.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Waste Management's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Waste Management's substantial trades, within a strike price spectrum from $150.0 to $240.0 over the preceding 30 days.
Waste Management 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| WM | CALL | SWEEP | NEUTRAL | 06/21/24 | $180.00 | $788.0K | 969 | 248 |
| WM | PUT | SWEEP | BEARISH | 03/15/24 | $210.00 | $80.0K | 732 | 190 |
| WM | CALL | TRADE | BULLISH | 01/17/25 | $240.00 | $61.3K | 75 | 146 |
| WM | CALL | SWEEP | BEARISH | 06/21/24 | $230.00 | $61.2K | 44 | 540 |
| WM | CALL | SWEEP | BULLISH | 06/21/24 | $180.00 | $56.8K | 969 | 266 |
About Waste Management
WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating 259 active landfills and about 337 transfer stations. The company serves residential, commercial, and industrial end markets and is also a leading recycler in North America.
In light of the recent options history for Waste Management, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Waste Management
- With a volume of 593,000, the price of WM is up 0.35% at $208.78.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 58 days.
Expert Opinions on Waste Management
5 market experts have recently issued ratings for this stock, with a consensus target price of $198.0.
- Maintaining their stance, an analyst from RBC Capital continues to hold a Sector Perform rating for Waste Management, targeting a price of $189.
- Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Waste Management, targeting a price of $212.
- Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on Waste Management with a target price of $178.
- Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Waste Management with a target price of $215.
- An analyst from BMO Capital has decided to maintain their Market Perform rating on Waste Management, which currently sits at a price target of $196.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Waste Management, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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