WM options flow: unusual options activity in Waste Management Inc.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 36 unusual options prints in Waste Management Inc. (WM), $3.1M of tracked premium, leaning firmly bearish. Bullish premium was $405K against $2.2M bearish; $2.7M went into calls and $373K into puts, a put call ratio of 0.14. The largest print was $410K of WM 19 Jan 2029 $110 calls on 25 September 2026, swept at bid. The last session with prints, 28 September 2026, added 1 print and $36K of premium. WM closed at $206.83 on 25 September 2026, down 0.5%.
This week's unusual flow
Prints from 21 September 2026 to 28 September 2026, 6 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.
Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.
Largest prints of the week
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | WM 19 Jan 2029 $110 calls | Sweep | 40 | 1 | $410K | At bid | Bearish | Whale |
| 25 Sep 2026 | WM 19 Jan 2029 $110 calls | Sweep | 35 | 1 | $359K | At bid | Neutral | High conviction |
| 23 Sep 2026 | WM 20 Nov 2026 $210 puts | Sweep | 167 | 191 | $137K | At ask | Bearish | High conviction |
| 25 Sep 2026 | WM 19 Jan 2029 $110 calls | Trade | 10 | 1 | $103K | At ask | Bullish | Notable |
| 25 Sep 2026 | WM 19 Jan 2029 $110 calls | Trade | 10 | 1 | $103K | At bid | Bearish | Notable |
| 25 Sep 2026 | WM 15 Dec 2028 $110 calls | Trade | 10 | 0 | $102K | At bid | Bearish | Notable |
| 25 Sep 2026 | WM 15 Dec 2028 $110 calls | Trade | 10 | 0 | $102K | At bid | Bearish | Notable |
| 25 Sep 2026 | WM 15 Dec 2028 $110 calls | Trade | 10 | 0 | $102K | At bid | Bearish | Notable |
| 25 Sep 2026 | WM 15 Dec 2028 $110 calls | Trade | 10 | 0 | $102K | At bid | Bearish | Notable |
| 25 Sep 2026 | WM 15 Dec 2028 $110 calls | Trade | 10 | 0 | $102K | At bid | Bearish | Notable |
| 25 Sep 2026 | WM 15 Dec 2028 $110 calls | Trade | 10 | 0 | $102K | At bid | Bearish | Notable |
| 25 Sep 2026 | WM 15 Dec 2028 $110 calls | Trade | 10 | 0 | $102K | At bid | Bearish | Notable |
Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.
Where the money is aimed
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 19 Jan 2029 | 11 | $1.3M | 100% | -$533K |
| 15 Dec 2028 | 10 | $1.0M | 100% | -$1.0M |
| 16 Oct 2026 | 8 | $339K | 92% | +$128K |
| 20 Nov 2026 | 2 | $195K | 0% | -$195K |
| 15 Jan 2027 | 2 | $86K | 0% | -$24K |
| 18 Dec 2026 | 2 | $64K | 0% | -$64K |
The most premium, $1.3M, is aimed at the 19 Jan 2029 expiry; the nearest expiry with unusual prints is 16 Oct 2026.
A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.
The last session, 28 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 28 Sep 2026 | WM 18 Dec 2026 $200 puts | Sweep | 70 | 748 | $36K | At ask | Bearish | Notable |
Every print in WM with its full detail, the live tape, one tap filters and saved screeners: open WM in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open WM in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 12 firms, have a median of $266, 28.4% above the last close.
Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.
About Waste Management Inc.
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Business Services
- Headquarters
- Houston, Texas
- Website
- wm.com
Waste Management, Inc. provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It owns, develops, and operates landfill gas-to-energy facilities in the United States. As of December 31, 2021, the company owned or operated 255 solid waste landfills.
In the same sector
Flow pages for other Industrials names in the S&P 500:
CAT Caterpillar Inc.GE General Electric Co.GEV GE Vernova Inc.RTX RTX Corp.DE Deere & Co.ETN Eaton Corp. plcUNP Union Pacific Corp.BA Boeing Co.
Learn
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for WM with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.
Open WM in Options Sentiment Screener