Long Put (14 Nov 11): EFA

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

EFA  $51.80

Buy to Open (1) Jan 12 51 P @ $3.05 

Net Debit: $3.05 ($305.00)

Profit Target (50%): $4.60 ($460.00)

Stop-Loss Point (50%): $1.55 ($155.00)