Long Put (17 Oct 11): TLT

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

TLT  $113.95

Buy to Open (1) Jan 12 114 P @ $5.90 

Net Debit: $5.90 ($590.00)

Profit Target (50%): $8.85 ($885.00)

Stop-Loss Point (50%): $2.95 ($295.00)