The put: Oct 16, $410 strike, 31 days out. Pays $1,890. Roughly a 40-in-100 chance you end up buying the shares.
On paper: 54% a year. That number assumes AMAT keeps moving like it did the past two years. Take that away and it is +12% a year. That is why we say sell.
Next earnings Nov 12, after this put ends. We never sell a put across a report.