Notable Put Options Activity in Waste Management
Shares of Waste Management (NYSE: WM) are higher on the session by 1.11%, currently trading at $35.60. 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 March 2012 $30.00 put, which has traded 2,700 times on open interest of 57 contracts. The Apr2012 $29.00 put also traded 1,170 times on 587 contracts.
Put volume is outpacing call volume by 5 to 1.
Waste Management, Inc. is a holding company and all operations are conducted by its subsidiaries. The company is a provider of waste management services in North America.
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