Long Put (7 Nov 11): TLT

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

TLT  $116.48

Buy to Open (1) Jan 12 117 P @ $5.65 

Net Debit: $5.65 ($565.00)

Profit Target (50%): $8.50 ($850.00)

Stop-Loss Point (50%): $2.85 ($285.00)