Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Waste Management options about one week from expiration was $220.97. The chart above shows the exact max pain for each expiration date.

Waste Management closed above its near-term max pain on 18 of the last 20 trading days. On Nov 4, 2026 it closed at $238.42, 7.9% above max pain of $220.97.

Over the last 20 trading days, near-term max pain for Waste Management ranged from $210.00 to $223.34. It went from $210.12 on Oct 8, 2026 to $220.97 on Nov 4, 2026. See the WM max pain history for a longer view.

WM, previously known as Waste Management, ranks as the largest integrated provider of traditional solid waste services in the United States, operating 257 active landfill sites and about 342 transfer stations that help with transporting waste efficiently and economically.