Waste Management and Republic Services Line Up Bullish: What It Means for Fleets and Builders (GTA Terminal Data, Nov. 9, 2026)

Trash pickup does not slow down much in a soft economy, which is why the big waste haulers are often treated as steady stocks. They also run some of the largest truck fleets in the country and set the disposal prices that every builder, remodeler and roll-off dumpster business pays. According to GTA Terminal data from Global Traders Academy, Waste Management and Republic Services both had their chart, options flow and dark-pool reads line up bullish in their November 9, 2026 levels reports.

Waste Management: calls in charge, quieter dark pools

GTA's report on Waste Management's November 9 options flow caught the shares up 0.3% at $237.08 during the session, with $1.3M in premium: $845K in calls and $419K in puts, a put/call volume ratio of 0.49. By the close, the levels lineup showed:

• Close: $236.61, above its 20-day average of $231.81 and its 50-day average of $219.71

• Position in its 20-day range of $209.68 to $247.40: 71% of the way up

• Options premium in the latest scan: 87% calls, 13% puts, with 1 unusual contract

• Off-exchange volume: an average of 821,658 shares a day over the five sessions through November 9, 23% less than the five sessions before

• Trend: up, 4% below the 52-week high, RSI 55

The cooling dark-pool volume means the big blocks from the week before slowed down, so the bullish read here rests more on price and options than on fresh institutional size. GTA's line in the sand is the 20-day average at $231.81. More is on the Waste Management story page.

Republic Services: near the top of its range

• Close on November 9: $246.95, above its 20-day average of $237.42 and its 50-day average of $225.42

• Position in its 20-day range of $218.20 to $254.39: 79% of the way up

• Options premium: 86% calls, 14% puts

• Dark pools on November 6: 689,600 shares, 1.3 times normal

• Trend: up, 3% below the 52-week high

The mood shifted fast. GTA's report on what big money did in Republic Services on November 6 showed a 40% calls, 60% puts split at that time, with RSI at 67. Three sessions later, calls had taken over. Neither hauler has a live setup in the GTA Proprietary Pattern Model.

What this means for fleets, roll-off operators and builders

• Steady haulers mean steady disposal pricing power. Strong stocks and bullish money suggest investors expect the big haulers to keep raising prices. If you run job sites or remodels, budget for higher dumpster and tipping fees in 2027 bids rather than assuming flat costs.

• Roll-off and container businesses compete with these companies and also sell into the same construction demand. A healthy sector can support your rates, but the majors' scale gives them buying power on trucks and containers that independents have to offset with smart financing.

• Refuse and roll-off trucks have long lead times. If the sector stays strong, competition for new chassis and bodies can stay tight. Ordering early, or financing a quality used unit, can keep a route from going without a truck.

For more on the truck market, see our report on PACCAR's chart-versus-flow split for truck buyers and our rental fleets versus truck builder comparison.

A signal, not a guarantee

When chart, options and dark pools agree, the picture is cleaner, but it can break the moment price loses its key level. Defensive stocks also tend to lag when investors chase risk. The readings in the GTA Terminal are one input among many and are not investment advice.

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