1.50Open1.50Pre Close0 Volume5 Open Interest110.00Strike Price0.00Turnover120.87%IV30.31%PremiumAug 16, 2024Expiry Date0.00Intrinsic Value100Multiplier23DDays to Expiry1.50Extrinsic Value100Contract SizeAmericanOptions Type-0.0983Delta0.0036Gamma61.06Leverage Ratio-0.1723Theta-0.0107Rho-6.00Eff Leverage0.0689Vega
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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