Max Profit on Setup: $158/contract (the width of the spread plus the credit received)
Max Loss on Setup: $958 (assuming you do nothing and the underlying goes to zero)
Break Even: 9.42
Notes: A small buying power effect, cost basis reduction setup in a high implied petro underlying battered by negative emerging market sentiment, and, well, everything else that's recently been wrong with Brazil. I have a good-'til-cancelled order in to take profit at 50% the width of the spread, but we'll see how it goes ... . Went out a little farther out in time that I usually like to go to get a break even I'm comfortable with.