We report the results of our high resolution optical spectroscopic monitoring campaign (⋋ = 3800 ~ 8800 Å, R = 30000 - 45000) of the new FU Orionis-type object HBC 722. We observed HBC 722 with the BOES 1.8-m telescope between November 26 and December 29, 2010, and FU Orionis itself on January 26, 2011. We detect a number of previously unreported high-resolution K I and Ca II lines beyond 7500 Å. We resolve the Hα and Ca II line profiles into three velocity components, which we attribute to both disk and outflow. The increased accretion during outburst can heat the disk to produce the relatively narrow absorption feature and launch outflows appearing as high velocity blue and red-shifted broad features.