what are my chances in college acceptance? Options

[swishersweet]

I'm a Junior at a public highschool. My gpa on a 4.0 scale is 3.0 and on a 14.0 scale it's 9.8(or close to there); rank 140 out of 500. I'm currently enrolled in 4 pre-ap classes: Pre-AP Algebra2, Pre-AP English 3, Pre-AP Chemistry, and Pre-AP Spanish 3(for distinguished graduation plan); played JV football, JV soccer, Varsity powerlifting, and Varsity wrestling. I have about 10 hours of volunteer at the library and 20hrs for community, so around 30 hours total. I haven't took my SATs yet but plan to register soon for the March date.

My only concern is that I failed my Pre-AP Eng3 class this first grading quarter on report card with a 63. It's the first class I've ever failed, so I was pretty much in shock. I think it will bring my GPA and rank down alot.. but IDK.

But the only college i can think of applying to right now is UT Arlington.
I plan to do a 2+2 program and transfer to a bigger and more prestige university.

Could you suggest any other colleges and tell me my chances of acceptance?

[sixfive]

UT Austin is the top public university in Texas, and really the only one of merit. That's not to say their other branches like UTSA or UT Dallas are bad, they're just not UT Austin caliber. I couldn't compare it to the UC's because I don't know much about them, but UT Austin is one of the schools where people in the top 10% flock to, and it's got some of the top grad schools in the nation. Party school, too, 50,000 + students.