Into VIX Oct 16 '13 $14 Calls @ $2.14 + Into VIX Oct 16 '13 $14 Put @ $0.46 = $2.60

VIX must close above 16.60 or below 11.40 in order for break-even... 

And if it closes significantly above or below these levels on the expiry date, then I'll get a cash settlement...