Long Put (31 Oct 11): TLT

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

TLT  $111.46

Buy to Open (1) Jan 12 112 P @ $5.45 

Net Debit: $5.45 ($545.00)

Profit Target (50%): $8.20 ($820.00)

Stop-Loss Point (50%): $2.75 ($275.00)