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MTHMeritage Homes Corporation

Options Analysis Report•OPERATIVE BUILDERS
Market Cap $4.6B|NYSE
● 2026-08-31$71.06
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y -6.8%YTD +7.3%7D -2.0%
44
30D
±10.5%
8%

MTH Options Overview

bearish flow. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

4.7VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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MTH Gamma Walls

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Value

Is IV priced right?

6.3
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 61.8% — elevated vs history

<1.05x

IV/HV 0.95x — IV ≤ HV

Sector Relative≤50%

Sector percentile 48% — below sector median

<1.1x

Front/Back 0.92x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 38.8% — normal range

<80%

Effective IV 123.2% (ATM 38.8% + spread 42.2% + bias) — expensive

<3.0%

Total drag 68.60% (spread 42.18% + slippage 26.42%) — high friction

≥5.0

Vega efficiency 1.57 (vega 6.637 / spread 42.18%) — spread drag

Sentiment

Bullish or bearish?

4.7
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bullish - Strong signal (Conviction: +36%, Raw: +54%)
|net sentiment| ≥25%

Conviction-weighted: +36% (strong bullish) — Raw: +54%

≥15%

|OI skew| 38.6% — put-heavy

Same sign, |vol skew| ≥10%

Vol skew -72.7%, OI skew -38.6% — aligned

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +0%, ATM: -40%, OTM: +82% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 95% — very bearish vs sector

Activity

Unusual activity?

3.1
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.6x avg — normal

≥15%

Vol/OI 1.4% — normal turnover

≥2 days

1 day(s) elevated — may be one-day event

≥5%

OI change +3.7% (5d) — building

Sector Relative≥60%

Sector activity percentile 41% — neutral vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 13% — patient

≥30

Conviction +36 (bullish) — moderate

Liquidity

Can I trade efficiently?

2.4
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks0/8 checks passed
≤5.0%

Spread 42.2% — wide

≥10,000

OI 3,149 — thin

≥500

Volume 44/day — thin

≤$0.50

$2.11 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 71% — wider than sector

≥100 contracts

Depth 65.5 contracts (bid:38.0 ask:27.5) — thin

<1.0%

Avg slippage 26.42% — poor

Timing

Is now a good time?

6.9
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -8.5% — contango

<30 or >70

IV percentile 62% — neutral

≥10pts kink

IV kink -2.7pts — no clear event

<0.5 or >2.0

θ/ν ratio 104.52 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +36% @ 67% consistency — moderate (bullish)

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers
Long Calls5.2
bullishIV cheap, mixed flow
Long Puts5.4
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.3
bullishIV too cheap, mixed flow
Covered Call4.5
bearishIV too cheap, mixed flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

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