11.05Open11.05Pre Close0 Volume138 Open Interest130.00Strike Price0.00Turnover56.14%IV-9.41%PremiumAug 16, 2024Expiry Date25.70Intrinsic Value100Multiplier23DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type0.9122Delta0.0071Gamma5.75Leverage Ratio-0.0908Theta0.0748Rho5.24Eff Leverage0.0633Vega
M/I Homes Stock Discussion
In 2022, M/I was a much bigger company compared to that in 2005. Its 2022 revenue was 3 times bigger while its Net Income was almost 5 times larger. Unfortunately, its capital efficiency as measured by the gross profitability did not improve. I would also rate M/I's financial position as poor.
About 1/3 of its revenue growth was driven by growth in house prices. As such, I valued M/I as a cyclical...
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