Financial Letter - November 18th, 2019
247th 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 for a sixth straight week.
The SPY reached a new record high but with another gap, indicating a possible drawdown in the short-term.
This week's active trading
VIP accounts (CKL0522 Portfolio with ETFs) -2019/11/18
Week of the 11th 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 2019/11/15 62 @ 0.83$ on november 7th
- Rebuy the 10 Calls 2019/11/15 62 @1.00$ on november 15th
Weekly profit/loss on closed positions per client
Short Calls: +0.83 - 1.00 * 100 * 10 = -170 USD$
Loss of 170 USD$
Weekly profit/loss on opened positions per client
Price of UPRO on november 11th: 60.73$
Price of UPRO on november 15th: 63.30$
Weekly profit on opened positions = 2.57 * 2000 = 5 140 USD$
Weekly net profit on the strategy: -170$ + 5 140$ = 4 970 USD$ per client
VIP accounts (CKL0522 Portfolio on Futures Market) - 2019/11/18
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.
Here are this week's transactions:
- 1 Short Call ESZ19 3080 15/11/2019 @ 16.75$ on the 8th of november
- Rebuy the Call ESZ19 3080 15/11/2019 @ 35.50$ on the 15th of november
Weekly profit on closed positions per client
Short Call: +35.50 - 16.70 * 50 * 1= -937.50USD$
Loss of 937.50$ USD per client
Weekly profit on opened positions per client
Price of ESZ19 on the 11 of november = 3080$
Price of ESZ19 on the 15 of november = 3118.30$
Weekly profit on opened positions = 38.30 * 50 * 1 = 1 915$ USD
Weekly net profit on the strategy: -937.50$ + 1 915$ = 977.50 USD$ per client
Here are some US stocks that gave a bullish signal:
- MDCO
- LQD
- WPM
- D
- SMPL