Thanks for the response Richard!
As you said, Short Straddle looks even better!
as per http://www.optionwin.com/Members/ShortStraddle.aspx
A straddle on UAUA, at Strike 12.5, Exp. 09/20,
Max Profit - 405
Lower B/E - 8.45
Upper B/E - 16.55
Thats an 8.10$ range, with around 4$...