8.00Open6.80Pre Close27 Volume102 Open Interest150.00Strike Price26.91KTurnover44.83%IV3.02%PremiumAug 16, 2024Expiry Date5.70Intrinsic Value100Multiplier23DDays to Expiry4.70Extrinsic Value100Contract SizeAmericanOptions Type0.6602Delta0.0206Gamma14.83Leverage Ratio-0.1518Theta0.0601Rho9.79Eff Leverage0.1455Vega
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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