Financial Letter - April 20th, 2020
269th issue (since 2015/01/24)
(1) We offer portfolio management services for futures market accounts with a minimum of 25K USD or the equivalent in CAD.
(2) CKL Inc. offers an actively managed portfolio with US ETFs combined with option strategies. This portfolio requires a minimum of 250K USD or the equivalent in CAD.
(3) And evidently we offer high quality long term portfolio management with low fees (0.9%). This portfolio requires a minimum of 100K CAD.
*No transfer of funds required.
For more information on any of these portfolios, write to us at info@charlesklangford.com.
Our next intensive courses:
The dates for the following courses have changed, here are the new dates:
- Construction de portefeuille (May 2nd 2020)
- Investissements stratégiques avec les marchés à terme (Futures) (May 3rd 2020)
**Due to the government's Covid-19 guidelines on social distancing and isolation we will be offering these two courses live online through Zoom. **
*A screenshot sent to us by a participant of the option course given on April 5th via Zoom.
For more information on these courses visit our seminars page:
http://www.charlesklangford.com/en/services/seminars
To reserve a spot for these coures, write to us at info@charlesklangford.com
S&P 500 Index - The Center of the World's Financial Solar System
The S&P 500 index (SPY and derivatives) for the week of April 13th rose by 3% reaching the highest level in five weeks. Investors' hopes that the economy will eventually reopen pushed most sectors up this week, however the Financial and Real Estate sectors suffered.
The SPY's moving averages (EMA 7,27), as predicted, crossed upwards and pushed the price to a new 5-week high. The VIX (volatility index) is still at extremely high levels, but at least it's moving averages (EMA7,27) are crossed downwards indicating a potential drop in the volatility to come.
VIP accounts (CKL0522 Portfolio with ETFs) - 2020/04/20
Week of April 13th 2020
Our strategy this week was to once again add an option strategy to our support product (SPY) that is currently losing in an opened position. This strategy is profitable if the product continues falling, remains at the same level or goes up until a certain price.
Weekly profit/loss on the opened positions:
Profit of the underlying position (SPY) : 5,908$ US
Weekly profit/loss on the closed positions:
Profit on the option strategy from the 14th to the 15th of April : 686$ US
Net weekly profit: 6,594$ US per client
VIP accounts (CKL0522 Portfolio on Futures Market) - 2020/04/20
Week of April 13th 2020
Since the extremely high levels of volatility in the market caused by the Covid-19 pandemic, the margin requirements for ES futures contracts have almost tripled. Therefore, we started buying micro S&P 500 contracts (MES). In the acounts with larger balances, we constructed a bullish option strategy with protections with options on the ES (E-mini S&P 500). The option strategy on the ES and the MES contracts were closed this week.
Weekly profit/loss on the closed positions:
Profit on the MES contract : 400.75$ US
Profit on the ES option strategy : 966$ US
Net weekly profit on closed positions: 1,366.75$ US per client
We would like to advise our clients that during this pandemic we remain opened, constantly following the market and available for any questions.
The team at CKL Inc. wishes you a great week!