I'm short 1.41 put and long 1.38 put. I figure I am out 3 cents. What does translate to in USD at expiration, and closing under 1.38? Three X 1,250? Having a brain fart moment here. Apologies.
?.....If you initiated the position as a spread, your maximum reward is the premium you collected. Your maximum risk is the difference between the strikes minus your premium.