Waste Management Inc. (WM)
NYSE: WM
· Real-Time Price · USD
224.23
-2.58 (-1.14%)
At close: Aug 18, 2025, 3:59 PM
224.63
0.18%
Pre-market: Aug 19, 2025, 05:59 AM EDT
WM Delta Exposure By Expiry
The total Delta Exposure (DEX) for WM across all expirations shows 667,630.35 net shares that market makers must hedge, with 1,352,493.26 from calls and 684,862.91 from puts. The put-call delta ratio of 0.51 suggests neutral market maker positioning. The largest delta concentration at Jan 16, 26 with 487,890.55 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
WM DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 203,086.36 | -187,577.46 | 15,508.9 | 0.92 |
| Oct 17, 25 | 137,279.14 | -81,974.27 | 55,304.87 | 0.60 |
| Jan 16, 26 | 784,142.31 | -296,251.76 | 487,890.55 | 0.38 |
| Mar 20, 26 | 48,310.41 | -26,714.99 | 21,595.42 | 0.55 |
| Apr 17, 26 | 358.25 | -122.41 | 235.84 | 0.34 |
| Jun 18, 26 | 58,817.41 | -61,042.27 | -2,224.86 | 1.04 |
| Sep 18, 26 | 13,245.74 | -8,379.69 | 4,866.05 | 0.63 |
| Jan 15, 27 | 107,253.64 | -22,800.06 | 84,453.58 | 0.21 |