0.50Open1.18Pre Close1 Volume58 Open Interest130.00Strike Price50.00Turnover47.76%IV16.83%PremiumAug 16, 2024Expiry Date0.00Intrinsic Value100Multiplier23DDays to Expiry0.50Extrinsic Value100Contract SizeAmericanOptions Type-0.0585Delta0.0062Gamma311.40Leverage Ratio-0.0448Theta-0.0056Rho-18.22Eff Leverage0.0464Vega
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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