Financial Letter - December 2nd, 2019
249th 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.
These are the upcoming intensive courses:
- Introduction aux marchés à terme (December 15th 2019)
For more informations on these courses, visit our website at:
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 increased by 1.00% this week. This increase is primarily due to the consumer discretionary sector. The market was closed on Thursday and Friday after 1PM for American Thanksgiving.
Last week's predictions on an eventual drawdown remain for this week.
This week's active trading
VIP accounts (CKL0522 Portfolio with ETFs) - 2019/12/02
Week of the 25th of November
This week's strategy was to keep our long positions on the UPRO (SPY +3X) and short calls for the week on the positions. This strategy permits us to benefit on the short calls during a neutral or decreased market. We decided to close our remaining UPRO positions at the end of the week in order to collect the profit.
Here are the transactions of the week:
- 10 Short Calls 2019/11/29 62.50 @ 0.86$ on november 21st
- Rebuy the 10 Calls 2019/11/29 62.50 @2.80$ on november 29th
- Sell 1000 UPRO @ 64.93$ on november 29th
Weekly profit/loss on closed positions per client (options)
Short Calls: +0.86 - 2.80 * 100 * 10 = -1940 USD$
Loss of 1940 USD$
Weekly profit/loss on closed positions per client (ETF)
1000 UPRO sold @ 64.93$ (originally bought @ 56.68$ on the 23rd of July)
(64.93$ - 56.68$) * 1000 = 8250 USD$
Profit of 8250 USD$