### Comment:
I absolutely meant credit spread

### REPLY:
I might be screwing up too but, usually you want the PUT to expire worthless.  In this case the short PUT is like $12 ITM with your long PUT like $7 ITM and you seem to be ok with it. 
  
 Net = Exercise ($125-130)\*100 + Net Credit spread of $450 
  
 So you lose like $50 if it expires ITM $0 to $130 or keep $450 if it expires above OTM (&gt;$130)?

### END.