Waste Management (WMI) $29.94 +0.84%

| November 24, 2008 | 0 Comments More

Waste Management (WMI, news, chart, volatility) options flow is running three times the average daily, with 5,700 calls and 440 puts traded. Shares are up 25 cents to $29.94 and the top two trades of the day: 1,250 January 32.5 calls at 10:25 ET on the CBOE and 758 January 45 calls at 11:23 on the NYSE. Both traded on the offer for $1.40 and 65 cents, respectively, with WMI at $30.00. The third biggest trade is 437 January 32.5s traded on the bid for $1.50 at 10:00 and possibly part of a buy-write as a block of 44K shares traded for $29.95 less then ten minutes prior to it.

Category: All Stocks, Industrial Goods & Services, Large Cap Stocks

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About the Author (Author Profile)

Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.

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