[Karmic]

Max, I own Intel stock, work harder! j/k

Short interest is likely due to Micron posting a loss due to "a tough pricing market for memory chips". Chipmakers are closely tied together so if one big player suffers often the stock price of others will be affected in the short term. However, this is not major news to the industry, Micron and AMD have been dropping for months. Buying put options two weeks before expiration is extremely risky, the time value will kill the price of the options quickly unless the stock drops immediately. AMD was a $40 stock a year ago and is now trading for $13, the opportunity to short it is probably long past.