The diode will clamp in the forward direction, holding the voltage to about 0.5V. In the reverse direction the maximum the diode can take is 100V and that will be at the peak of each cycle. Allowing for some drop in the capacitor, which if frequency dependent you could apply a little over 100V peak.
So, ignoring any loading effect the probe has on the signal itself and assuming a sinusoidal waveform, +100V to -100V is 200V p-p or about 140V RMS. Across a 50 Ohm load you could measure up to about 400W.
Brian.