Long Call (7 Nov 11): XLE

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

XLE  $71.26

Buy to Open (1) Jan 12 72 C @ $4.95 

Net Debit: $4.95 ($495.00)

Profit Target (50%): $7.45 ($745.00)

Stop-Loss Point (50%): $2.50 ($250.00)