Financial Letter - August 17th, 2020
285th 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.
What's new (Fall 2020)
CKL Inc. is offering training programs, intensive courses, webinars and live trading sessions in partnership with Desjardins Online Brokerage. These courses are offered in french. To view the calendar of our upcoming events follow the link below:
http://www.charlesklangford.com/en/services/seminars
S&P 500 Index - The Center of the World's Financial Solar System
The S&P 500 index (SPY and derivatives) rose by 0.6% the week of August 10th 2020. Weekly jobless claims reached a new five-month low and even lower than what was predicted. This kept the market up despite the lack of progress between the democrats and republicans over the pandemic relief. The best performing sectors this week were the Industrial and Energy Sectors.
The SPY reached a new historic high but shows more and more fatigue in its uptrend. The volume is also decreasing as the price is increasing. The VIX continues its improvement but at a slow rate.
VIP accounts (CKL0522 ETF) - 2020/08/17 - Min. 250K US
Week of August 10th 2020
This week we constructed an option strategy on the SPY without having the support that is profitable if the market slightly rises, slightly falls or stays at the same levle. This strategy was added to the accounts the 13th of August and was closed the following day with a profit.
Weekly profit/loss on the closed positions:
Profit on the option strategy : 430$ US per client
Net weekly profit : 430$ US per client
VIP accounts (CKL0522 Futures Market) - 2020/08/17 - Min. 25K US
Week of August 10th, 2020
This week we constructed an option strategy on the ES in our futures market accounts. We multiplied the number of contracts depending on the value of the accounts. This strategy is profitable if the market slightly rises, slightly falls or stays at similar levels. We added this strategy to the accounts on the 13th of August and closed them the following day with a profit.
Profit of the option strategy :
Level 1 clients : 142$
Level 2 clients : 283$
Level 3 clients : 417$
Net weekly profits on closed positions:
Level 1: 142$ US per client
Level 2: 283$ US per client
Level 3: 417$ US per client
Have great week!