8.00Open10.00Pre Close5 Volume36 Open Interest160.00Strike Price4.00KTurnover37.94%IV3.10%PremiumSep 20, 2024Expiry Date2.95Intrinsic Value100Multiplier24DDays to Expiry5.06Extrinsic Value100Contract SizeAmericanOptions Type0.6178Delta0.0239Gamma19.87Leverage Ratio-0.1402Theta0.0611Rho12.28Eff Leverage0.1602Vega
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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