Long Put (21 Nov 11): XLF

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

XLF  $12.50

Buy to Open (1) Jan 12 13 P @ $1.18 

Net Debit: $1.18 ($118.00)

Profit Target (50%): $1.80 ($180.00)

Stop-Loss Point (50%): $0.60 ($60.00)