Long Call (31 Oct 11): XLE

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

XLE  $73.04

Buy to Open (1) Jan 12 73 C @ $3.90 

Net Debit: $3.90 ($390.00)

Profit Target (50%): $5.85 ($585.00)

Stop-Loss Point (50%): $1.95 ($195.00)