1. FIGURE 22-1 Profit from call.
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2. FIGURE 22-2 Profit from put.
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3. FIGURE 22-3 Profit from straddle.
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4. FIGURE 22-4 The value of a combination of common stock and a call.
Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition © John Wiley & Sons, Inc.

5. FIGURE 22-5 Profit from put and stock.
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6. Table 22-1 Payoffs from Alternative Holdings
Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition © John Wiley & Sons, Inc.

7. Table 22-2 Payoffs of Portfolios Involving Puts
Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition © John Wiley & Sons, Inc.

8. Table 22-3 Cash Flows on a Zero Payoff Portfolio
Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition © John Wiley & Sons, Inc.

9. Table 22-4 Cash Flows on a Zero Payoff Portfolio
Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition © John Wiley & Sons, Inc.

10. Table 22-5 Cash Flows on a Zero Payoff Portfolio
Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition © John Wiley & Sons, Inc.

11. Table 22-6 Cash Flows from a Portfolio of Calls and Stock
Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition © John Wiley & Sons, Inc.

12. Table 22-7 Cash Flows on a Zero Payoff Portfolio of Stock and Calls
Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition © John Wiley & Sons, Inc.

13. FIGURE 22-6 The movement of stock prices through time.
Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition © John Wiley & Sons, Inc.

14. Table 22-8 Illustration of Homemade Put
Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition © John Wiley & Sons, Inc.

15. Table 22-7 The efficient frontier.
Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition © John Wiley & Sons, Inc.

16. Table 22-8 Distribution of returns with various amounts in the risky portfolio.
Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition © John Wiley & Sons, Inc.

17. FIGURE 22-9 The effect of puts on the return distribution.
Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition © John Wiley & Sons, Inc.

18. FIGURE 22-10 Stock price paths.
Elton, Gruber, Brown, and Goetzman: Modern Portfolio Theory and Investment Analysis, Sixth Edition © John Wiley & Sons, Inc.