GS - Bullish Put Weekly Put Spread (OTM)

Symbol: Goldman Sachs or GS
Current Price: $252.19

Short Put
SELL/WRITE
Option: 13th April $245.00 Put
Price per option: $1.09
Contracts: #5 x 100
Total cost: $109
Long Put
BUY
Option: 13th April $242.50 Put
Price per option: $0.77
Contracts: #5 x 100
Total cost: $385
Spread: Net debit/credit: $ 0.32 (net credit)
Entry cost: $160 (next credit/you get in account NOW)
Max. Risk: $1090
Max. Return: $160
Break evens at expiry: $244.70