Google put options, they are not that complicated. Just think in terms of buying an option, keep it simple, selling options gets a little more complicated and isn't nessesary to put on this simple trade. You can buy a put, or a call. In the money, or out of the money. In this case, we would be buying the 7.5 put, which is out of the money.
You'll be buying the $7.5 Jan 2011 puts. So with your online broker pull up an option chain to see the quotes and the symbol for that Strike, and that expiry. I'd do it for you but I don't feel like getting up and grabbing my login card.
The most you'll lose is what you buy the options for. Each option is for 100 shares of stock. So whatever the price is times it by 100, to get what you'll pay per option. PM me if you have any more questions.
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