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Financial Letter - December 16th 2019

Financial Letter

December 16, 2019

251st 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%).

*No transfer of funds required.

For more information on any of these portfolios, 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 posts a 0.7% weekly increase. This increase is due primarily to the following sectors: Technology, Consumer Discretionary, Financials and Real Estate. 

The fundamental reasons for the market's bullishness are the british elections, the optimism in trade talks between the US and China and the Federal Reserve's cash injection in US banks. 

This week's active trading

VIP accounts (CKL0522 Portfolio with ETFs)  - 2019/12/16

Week of Decembre 9th

This weeks strategy was  once again a symmetric condor. Since the exponential moving averages of the VIX are still crossed upwards, we chose a theta option strategy once again. 

Here are the transactions of the week:

  • Bought 10 calls 320 (LC) 2019/12/13 @ 0.10$ on the 6th of december
  • Shorted 10 calls 318 (SC) 2019/12/13 @ 0.46$ on the 6th of december
  • Shorted 10 puts 306 (SP) 2019/12/13 @ 0.25$ on the 6th of december
  • Bought 10 puts 304 (LP) 2019/12/13 @ 0.16 on the 6th of december
  • Sold the 10 calls 320 (LC) 2019/12/13 @ 0.15 on the 12th of december 
  • Rebought the 10 calls 318 (SC) 2019/12/13 @ 0.69$ on the 12th of december
  • Rebought the 10 puts 306 (SP) 2019/12/13 @ 0.03$ on the 12th of december
  • Sold the 10 puts 304 (LP) 2019/12/13 @ 0.01$ on the 12th of december

Weekly profit/loss on closed positions per client (options)

LC 320 : -0.10 + 0.15 = +0.05$                      * 100 * 10 = +50$
SC 318: +0.46 - 0.69 = -0.23$                     * 100 * 10 = -230$
SP 306: +0.25 - 0.03 = +0.22$                      * 100 * 10 = +220$
LP 304: -0.16 + 0.01 = -0.15$                       * 100 * 10 = -150

Net loss: 110$ USD

VIP accounts (CKL0522 Portfolio on Futures Market)  - 2019/11/18

This week's strategy was a covered call writing strategy on the ESH2019.

Here are this week's transactions:

Long contract ESH2020 @ 3151.50$ on the 6th of December
Short Call ES 2019/12/13 on the 6th of December
Rebought the Call ES 2019/12/13 on the 12 of December

Weekly profit/loss on per client

Price of ESH2020 on friday the 13th of December = 3175.20$

Profit = 3175.20 - 3151.50 * 50 = 1 185$

Short Call = +9.00 - 12.75 * 50 = -187.50$

Net Profit = 1 185 - 187.50 = 997.50$ USD

Here are some US stocks that gave a bullish signal:

  • CPG
  • GPS
  • DAL
  • CX
  • CVX

Have a great week!

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