I will not do unless more than 13% pa for at the money.
The BS price for 10000 point asset with 7% IV for 1 months is approximate 80 point (interest difference is not included in calcuation for simplifity) 80 point x 12 = 960 point / 10000 shall have 9.6%. Including the basis interest rate of 3.x%, there should accout for 13% p.a. from my point of view.