Long Put (24 Oct 11): TLT

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

TLT  $113.13

Buy to Open (1) Jan 12 114 P @ $6.05 

Net Debit: $6.05 ($605.00)

Profit Target (50%): $9.10 ($910.00)

Stop-Loss Point (50%): $3.00 ($300.00)