Financial Letter - February 17th 2020
260th 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.
Our next intensive course:
- Investissement stratégique dans les options (February 22nd, 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 (SPY and derivatives) posts a 1.58% weekly increase. The Q4 results and a strong US economy eclipsed the fears of the Coronavirus,
For a second week in a row, the S&P 500 rose to a new high and continues it's bullish trend. The Volatility Index (VIX) decreased making technical analysis indicators more reliable.
VIP accounts (CKL0522 Portfolio with ETFs) - 2020/02/17
Week of February 10th 2020
This week's strategy was a neutral option strategy on US ETFs with a possibility of making money if the market goes up and a protection in case of a correction. From now on we will refer to this strategy as CG2.
We no longer publish the weekly transactions since they are reserved for our CKL0522 clients.
*These accounts require a margin account with options trading authorizations and a minimum of 250K USD.
*The weekly profits/losses per client are based on the minimum of 250K USD.
Weekly profit/loss on the closed positions:
Leg #1 : +2758$
Leg #2: -700$
Leg #3: -350$
Net weekly profit: 2758 - 700 - 350 = 1708$ US per client
VIP accounts (CKL0522 Portfolio on Futures Market) - 2020/02/17
Week of February 10th 2020
This week's strategy was a neutral option strategy on futures contracts with a possibility of making money if the market goes up and a protection in case of a correction. From now on we will refer to this strategy as CG2.
We no longer publish the weekly transactions since they are reserved for our CKL0522 clients.
*These accounts require a futures trading account with Interactive Brokers and a minimum of 25K USD.
*The weekly profits/losses per client are based on the minimum of 25K USD.
Weekly profit/loss on the closed positions:
Leg #1 : +1912.50$
Leg #2: -550$
Leg #3: -242.50$