The put: Sep 25, $262 strike, 10 days out. Pays $738. Roughly a 39-in-100 chance you end up buying the shares.
On paper: 103% a year. That number assumes LRCX keeps moving like it did the past two years. Take that away and it is +15% a year. That is why we say sell.
Next earnings Oct 21, after this put ends. We never sell a put across a report.