Max Profit: 1.02/contract Max Loss: .98/contract Break Even: 12.02 (no upside risk)
Notes: Here's the synthetic jade lizard setup I posted about (see Post Below). Basically, the bet is that VIX stays around here and 14-ish for the duration of the trade. I'll look to take off the short put/short call/long call at 50% max and leave the long put to expire worthless (it's there to bring in buying power effect over going naked).
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Scratching this trade out while I can (covered today for 1.00 debit/contract). The market looks inclined to grind higher ... .