Financial Letter - December 23rd 2019
252nd 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.
The next intensive course:
- Stratégies d'utilisation des marchés boursiers (18 janvier 2020)
Fore more information on these courses visit our seminars page:
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 posts a 1.7% weekly increase to a new historic high. This increase is due primarily to the following sectors: Utilities, Communication Services and Real Estate.
The SPY continues it's bullish trend.
This week's active trading
VIP accounts (CKL0522 Portfolio with ETFs) - 2019/12/23
Week of December 16th 2019
This week's strategy was a covered call writing strategy on half our UPRO positions. This strategy permits us to profit on our UPRO positions if the market goes up, to profit if the market is neutral on our short calls and to profit from the short calls if the market goes down.
Here are the transactions of the week:
- Bought 2000 shares of UPRO @ 67.98 on the 16th of December
- 10 Short Calls UPRO 2019/12/20 68.5 @ 0.55$ 16th of December
- Sold 2000 shares of UPRO @ 69.57 on the 20th of December
- Rebought the 10 calls UPRO 2019/12/20 68.5 @ 1.10$ on the 20th of December
Profit/perte de la semaine des positions fermées
Profit on the 2000 shares of UPRO : 69.57 - 67.98 = 3 180$ USD
Loss on the 10 short calls UPRO 2019/12/20 68.5 = +0.55 - 1.10 = 0.55 * 10 * 100 = -550S USD
Net Profit: 3 180 - 550 = 2630$ USD par client
VIP accounts (CKL0522 Portfolio on Futures Market) - 2019/12/23
This week's strategy was a covered call writing strategy on the ESH2019.
Here are this week's transactions:
- Long 1 contrat ESH2020 @ 3151.50$ on the 6th of December (opened position from last week's strategy)
- Short Call 2019/12/20 @ 8.75$ on the 16th of December
- Sold the contrat ESH2020 @ 3226 on the 20th of December
- Rebought the calls 2019/12/20 @ 31.00$ on the 20th of December
Profit/loss on the strategy
Profit on the contract ESH2020 = 3226 - 3151.50 * 50 = 3 725$ USD
Loss on the short calls = +8.75 - 31.00 * 50 = -1 112.50$ USD