Put wrong interpretation on one's dream perhaps (7)

I believe the answer is:

misread

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'put wrong interpretation on one's dream perhaps' is the definition.
I can't tell whether this definition defines the answer.

'on one's dream perhaps' is the wordplay.
'on' is an insertion indicator (as in clothing 'on' a person).
'one's' becomes 'i's' (Roman numeral).
'perhaps' is an anagram indicator.
'dream' is an anagram of 'mread'.
'is' put inside 'mread' is 'MISREAD'.

Can you help me to learn more?

(Other definitions for misread that I've seen before include "Take the wrong way" , "wrongly interpreted" .)

I've seen this clue in The Globe and Mail.

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