21.93Open11.10Pre Close1 Volume34 Open Interest145.00Strike Price2.19KTurnover52.42%IV1.43%PremiumSep 20, 2024Expiry Date19.57Intrinsic Value100Multiplier24DDays to Expiry2.36Extrinsic Value100Contract SizeAmericanOptions Type0.8481Delta0.0106Gamma7.50Leverage Ratio-0.1242Theta0.0784Rho6.36Eff Leverage0.0999Vega
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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