Long Put (10 Oct 11): GLD

This strategy is used when you anticapte a fall in the price of the stock.

GLD  $159.18

Buy to Open (1) Jan 12 160 P @ $10.60 

Net Debit: $10.60 ($1,060.00)

Profit Target (50%): $15.90 ($1,590.00)

Stop-Loss Point (50%): $5.30 ($530.00)