No, put options suffer from time decay and IV crush. A $1,000 MU put for December 2027 was at about $200 today. So if Micron dropped tomorrow, you'd probably start making a bit of money, although the delta is only -0.32. But if you held all the way to December 2027, Micron would then have to drop all the way to $800 before your position is profitable.
When and how that transition happens is subject to a number of complex factors, and it's not even necessarily the case that incremental drops in the stock will produce incremental gains for your put option.
When and how that transition happens is subject to a number of complex factors, and it's not even necessarily the case that incremental drops in the stock will produce incremental gains for your put option.