LNN puts

I finally wrote puts on LNN. I wrote one contract December $35 puts, for $1.90/share. These puts will pay 5.4% [(1.90/35.00)*100 = 5.4]. I'd be happy to buy this stock at $33.10 ($35 - $1.90 = $33.10). It's currently trading around $43 after a recent price run up. This is a small cap (it's market cap is only around $525 million!) so it's price is extremely volatile. I think the market currently overvalues the stock, so I'm not willing to buy it outright.