Financial Letter - December 9th 2019

250th 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

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S&P 500 Index - The Center of the World's Financial Solar System

The S&P 500 index posts a 0.2% weekly increase. This increase is primarily due to the Energy Sector.

As predicted, the SPY is experiencing a drawdown. 

This week's active trading

VIP accounts (CKL0522 Portfolio with ETFs)  - 2019/12/09

Week of the 2nd of December

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

Here are the transactions of the week:

• Bought 10 calls 319 (LC) 2019/12/06 @ 0.17$ on the 29th of november
• Shorted 10 calls 317 (SC) 2019/12/06 @ 0.56$ on the 29th of november
• Shorted 10 puts 311 (SP) 2019/12/06 @ 0.60$ on the 29th november
• Bought 10 puts 309 (LP) 2019/12/06 @ 0.40 on the 29th of november
• Sold the 10 calls 319 (LC) 2019/12/06 @ 0.01 on the 6th of december 
• Rebought the 10 calls 317 (SC) 2019/12/06 @ 0.01$ on the 6th of december
• Rebought the 10 puts 311 (SP) 2019/12/06 @ 0.01$ on the 6th of december
• Sold the 10 puts 309 (LP) 2019/12/06 @ 0.01$ on the 6th of december

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

LC 319 : -0.17 + 0.01 = -0.16$                      * 100 * 10 = -160$
SC 317: +0.55 - 0.01 = +0.54$                     * 100 * 10 = +540$
SP 311: +0.60 - 0.01 = +0.59$                      * 100 * 10 = +590$
LP 309: -0.40 + 0.01 = -0.39$                       * 100 * 10 = -390

Profit of 580$ USD

Weekly net profit: 580$ USD per client per unit of 10 condors

Here are some US stocks that gave a bullish signal:

• CGC
• EXON
• AXP
• UNIT
• PBR

Have a great week!