In periods where volatility expands and macro uncertainty clouds visibility, traders often expect capital to migrate toward traditional defensive pockets of the market. Lately, however, that rotation has been less reliable as higher rate expectations have complicated the typical playbook. Even so, the tape is still revealing selective leadership in areas where institutional demand has remained persistent. A handful of names are quietly absorbing market stress while continuing to trend higher.
One of the clearest examples of that behavior right now is Waste Management (WM). The stock had already been displaying notable relative strength before the recent geopolitical volatility, but what stands out is that buyers have continued stepping in even as broader markets turned choppier. Technically, WM’s 24/52 Day MACD is currently trading above its 18-Day EMA, a buy signal that first triggered back in November 2025 and has remained firmly intact. For technicians, that sustained alignment highlights durable momentum and suggests that the underlying trend remains well supported.
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Given WM’s typically lower volatility profile, options premiums often do not carry enough time value to make a spread structure particularly compelling from a risk-reward perspective. Instead, a straightforward long call approach can make sense for traders looking to participate in further upside while defining risk to the premium paid. At current prices, there is a call option where — if WM shares were to rally roughly 10% by expiration — the position would translate to a potential gain of about 128.6% on that option, illustrating the leverage options can provide if the trend continues to develop.
Opportunities like this — where resilient price action and durable momentum intersect — are exactly the types of setups we focus on uncovering each week. Inside our Weekly Stock & Option Alert Newsletter, members receive multiple high-conviction trade ideas complete with full trade details, timing insights, and management guidance. With the newsletter currently available at a substantial discount, it’s an excellent moment to lock in access today and begin receiving some of our top trade ideas!
Wishing You the Best in Investing Success,

Blane Markham
Chief Trading Strategist
Have any questions? Email us at support@markhamtrading.com
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