Notable Put Options Activity in Waste Management
Shares of Waste Management (NYSE: WM) are higher on the session by 0.77%, currently trading at $35.25. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average.
Options traders are focusing on puts today. The strike seeing the heaviest action is the April 2012 $30.00 put, which has traded 2,700 times on open interest of 3,153 contracts. The Jul2012 $28.00 put also traded 1,950 times on 140 contracts.
Put volume is outpacing call volume by 10 to 1.
Waste Management, Inc. is a provider of waste management services in North America. WM's subsidiaries provide collection, transfer, recycling, and disposal services.
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