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A put option on the Bank Nifty with expiry date 30-June-2022 (20 days from now) and Strike Price Rs. 35,000 is trading at Rs. 750.

A put option on the Bank Nifty with expiry date 30-June-2022 (20 days from now) and Strike Price Rs. 35,000 is trading at Rs. 750. Should I buy the put option if the volatility of the bank nifty is around 30% per annum and the risk-free rate of return is 8% p.a. The current value of Bank nifty is 35,000.

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