Waste Management, Inc. (WM) Covered Calls
Waste Management, operating as WM, is the leading provider of comprehensive environmental solutions in North America. The company serves millions of municipal, commercial, and industrial customers through a vast network of collection operations, transfer stations, and landfills. Beyond traditional waste disposal, WM is a major recycler and a pioneer in converting landfill gas into renewable energy for vehicles and the power grid.
You can sell covered calls on Waste Management, Inc. to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for WM (prices last updated Fri 4:16 PM ET):
| Waste Management, Inc. (WM) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 234.52 | +3.51 | 234.30 | 236.00 | 3.1M | 35 | 93 |
| Covered Calls For Waste Management, Inc. (WM) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Feb 20 | 230 | 4.60 | 231.40 | -0.6% | -27.4% | |
| Mar 20 | 230 | 7.80 | 228.20 | 0.8% | 8.1% | |
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Waste Management, Inc., known as WM, is the largest environmental services provider in North America. The company manages the entire lifecycle of waste, from collection and transportation to recycling and resource recovery. WM operates the most extensive network of landfills and recycling facilities in the industry, positioned strategically to serve high-density urban markets and industrial hubs.
The company’s operations are structured across several integrated segments:
- Collection and Disposal: Providing essential solid waste pickup and landfill services for residential, commercial, and industrial clients under long-term contracts.
- Recycling: Investing in advanced Material Recovery Facilities (MRFs) that utilize robotics and optical sorting to process post-consumer materials.
- Renewable Energy: Operating one of the largest networks of "landfill gas-to-energy" facilities, which capture methane to produce electricity or renewable natural gas (RNG).
- Specialized Services: Offering hazardous waste management, construction debris removal, and on-site environmental consulting for corporate sustainability goals.
The competitive landscape for WM consists of other national waste haulers and specialized environmental firms. Its primary rival for large-scale municipal and commercial contracts is Republic Services. In the broader North American market, the company frequently vies for territory against Waste Connections and the rapidly expanding GFL Environmental. For hazardous waste and industrial cleaning solutions, WM competes with Clean Harbors, while Casella Waste Systems provides significant competition in the northeastern United States.
Strategic Outlook and Innovation
WM is currently prioritizing the automation of its collection fleet and recycling centers to combat labor inflation and improve safety. The company is in the midst of a multi-year capital investment program to expand its renewable natural gas (RNG) infrastructure, aiming to power its entire fleet of compressed natural gas trucks with fuel generated from its own landfills. Innovation efforts are also focused on "deep-learning" sensors within collection vehicles that identify contamination in recycling streams in real-time, providing feedback to customers to improve diversion rates. By integrating these circular economy technologies with its unmatched physical asset base, WM intends to transition from a traditional disposal company to a technology-driven energy and resource provider, ensuring long-term margin expansion and regulatory compliance.
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