Long Call (21 Nov 11): TLT

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

TLT  $119.34

Buy to Open (1) Jan 12 120 C @ $5.25 

Net Debit: $5.25 ($525.00)

Profit Target (50%): $7.90 ($790.00)

Stop-Loss Point (50%): $2.65 ($265.00)