Probability of Profit: 52%
Max Profit: $127/contract
Max Loss/Buying Power Effect: $273/contract
Break Evens: 114.73/127.27
Notes: Naturally, I'm going to watch the markets early next week to see if there's continuation in this dip. If there is, I may hold off slapping something on for even higher . Heck, I waited eight weeks or so for VIX to break 15; I can wait a little longer if it's going to go higher ... . The natural alternative to this setup would be RUT with similar strikes -- i.e., 1120/1160/1260/1300 ... .