Is selling deep OTM MU puts a decent play?

Yesterday I saw 12/18/2026 440 MU put selling for $32. If you consider the minimum collateral required, it seems like a decent return. It seems pretty unlikely for the stock to drop to 440 by end of year, especially considering that MU says they are sold out into 2027, so their earnings for at least the rest of the year will likely be predictable with no big surprises. But I don't know. Given that the stock was at $330 AFTER the most recent Q2 earnings in March, it's not impossible. Maybe some bad news about AI could come out and cause a downswing. Thoughts? Edit: Thank you all for the great points.