Financial Letter - November 11th, 2019
246th 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 money required.
For more information on any of these portfolios, write to us at info@charlesklangford.com.
These are the upcoming intensive courses:
- Les options : un investissement stratégique dans les marchés (November 23rd 2019)
- 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 rose 0.9% this week to another new record high thanks to the following sectors: financial, materials, energy and insdustrials.
The SPY continues its bullish trend with a possibility of an eventual temporary drawdown.
This week's active trading
VIP accounts (CKL0522 Portfolio with ETFs) -2019/11/11
Week of the 4th of November
This week's strategy was to keep our long positions on the UPRO (SPY +3X) and short calls for the week on half the positions. This strategy permits us to benefit on the short calls during a neutral or drop of the market or benefit from the other half of the long positions if the market continues to rise.
Here are the transactions of the week:
- 10 Short Calls 2019/11/08 60.50 @ 0.65$ on november 5th
- Rebuy the 10 Calls 2019/11/08 60.50 @1.35$ on november 7th
Weekly profit/loss on closed positions per client
Short Calls: +0.65 - 1.35 * 100 * 10 = -700 USD$
Loss of 700 USD$
Weekly profit/loss on opened positions per client
Price of UPRO on november 4th: 60.76$
Price of UPRO on november 8th: 61.61$
Weekly profit on opened positions = 0.85 * 2000 = 1 700 USD$
Weekly net profit on the strategy: -700$ + 1700$ = 1000 USD$ per client
VIP accounts (CKL0522 Portfolio on Futures Market) - 2019/11/11
This week's strategy was to keep our long positions on the ESZ19 and to short a call for the week in order to benefit from the options price's time value.
Voici les transactions de la semaine:
- 1 Short Call ESZ19 3075 8/11/2019 @ 9.75$ on the 5th of november
- Rebuy the Call ESZ19 3075 8/11/2019 @ 7.50$ on the 8th of november
Weekly profit on closed positions per client
Short Call: +9.75 -7.50 * 50 * 1= 112.50 USD$
Profit of 112.50$ USD per client
Weekly profit on opened positions per client
Price of ESZ19 on the 4 of november = 3075.70$
Price of ESZ19 on the 8 of november = 3090.60$
Weekly profit on opened positions = 14.90 * 50 * 1 = 745$ USD
Weekly net profit on the strategy: 112.50$ + 745$ = 857.50 USD$ per client
Here are some US stocks that gave a bullish signal:
- BA
- CPE
- F
- M
- PE