Long Call (24 Oct 11): XLE

This strategy is used when you anticipate an increase in the price of the stock.

XLE  $68.55

Buy to Open (1) Jan 12 69 C @ $4.50 

Net Debit: $4.50 ($450.00)

Profit Target (50%): $6.75 ($675.00)

Stop-Loss Point (50%): $2.25 ($225.00)