This morning I wrote an equity put option.
Details are as follows:
Underlying: Sinopec (386)
Strike price: $6.23
Market price: $6.48
Annualised premium: 10.11%
Term: 1 month
Effective purchase price if hit: $6.18
Sinopec is a company that I would be happy to buy for the long term. In fact, I came close to simply buying the shares directly.