Financial Letter - January 6th 2020
254th 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:
- Stratégies d'utilisation des marchés boursiers (January 18th 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 0.2% weekly decrease as tensions between the US and Iran halt the US stock rally. The Materials sector leads the drop.
SPY is showing a certain fatigue in it's uptrend. It's bullish trend continues but with signs of weaknesses.
This week's active trading
VIP accounts (CKL0522 Portfolio with ETFs) - 2020/01/06
Week of December 30th 2019
This week's strategy was a covered call writing strategy on QQQ positions. This strategy permits us to profit if the market is neutral or slightly decreases.
Here are the transactions of the week:
- Bought 1000 shares of QQQ @ 213.63 on the 27th of December
- 10 Short Calls QQQ 2020/01/03 213.50 @ 1.38$ on the 27th of December
- Sold 1000 shares of QQQ @ 214.56 on the 3rd of January
- Rebought the 10 calls QQQ 2020/01/03 213.50 @ 1.30$ on the 3rd of January
Weekly profit of the strategy
Profit on the 1000 shares of QQQ : 214.56 - 213.63 = 930$ USD
Profit on the 10 short calls QQQ 2020/01/03 213.50 = +1.38 - 1.30 = 0.08 * 10 * 100 = 80$ USD
Net Profit: 930 + 80 = 1 010$ USD per client
VIP accounts (CKL0522 Portfolio on Futures Market) - 2020/01/06
This week's strategy was a covered call writing strategy on the ESH20.
Here are this week's transactions:
- Long 1 contrat ESH20 @ 3244.50$ on the 27th of December
- Short Call 2020/01/03 3245 @ 14.00$ on the 27th of December
- Rebought the call 2020/01/03 3245 @ 3.45$ on the 3rd of January
- We kept our long position on the ESH20 opened
- Price of ESH20 on friday the 3rd = 3235$
Profit/loss on the strategy
Loss on the contract ESH2020 = 3235 - 3244.50 * 50 = -475$ USD (opened position)
Profit on the short calls = +14.00 - 3.45 * 50 = 527.50$ USD