Last month's equity put options written against China Construction Bank and Hutchison Whampoa expired unexercised.
I have rolled the money over into an equity put option against the Hong Kong Tracker fund (2800). Given current market conditions, I have gone with a conservative underlying and a relatively conservative price. Here are the details:
Underlying: Hong Kong Tracker fund (2800)
Market price: $20.60
Strike price: $19.58
Valuation date: 25 September
Maturity date: 28 September
Implied yield: 9.44%
Net purchase price if exercised: $19.43
In effect, if the option is exercised against me I will end up purchasing Hong Kong Tracker fund at a discount of 5.7% to the current market price.