Financial Letter - October 20th, 2019
243rd issue (since 2015/01/24)
We now offer portfolio management services for futures market accounts with a minimum of 25K USD or the equivalent in CAD.
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.
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.
S&P 500 Index - The Center of the World's Financial Solar System)
The S&p 500 index rose 0.5% this week. The sectors that lead this rise were the health care sector, the real estate sector and the financial sector.
Source : stockcharts.com
The market is bullish and this bullishness will confirm if it's capable of reaching 304. The rectangular triangle is historically a bullish configuration.
Active trading of the week
(Portfolio CKL0522) -2019/10/18
Week of the 14th of october, 2019
This week's stategy was to do a covered call writting on half of the client's UPRO positions.
Here are this week's transactions :
- 10 Short Calls 2019/10/18 UPRO (55.5) @ 1.48 the 11th of october 2019
- Rebuy the Calls 2019/10/18 UPRO (55.5) @ 0.65 the 18th of october 2019
Weekly profit on the closed positions
Short Call: +1.48 – 0.65 = 0.83
Profit = 0.83 * 10 * 100 = 830$
Profit on the options (closed positions) = 830 USD$
Weekly profit on opened positions
Price of UPRO on friday the 11th of october = 54.59
Price of UPRO on friday the 18th of october = 56.02
Weekly profit on the positions that are still opened = 1.43 * 2000 = 2860 USD$
Here are some US stocks that gave a bullish signal:
- FCX
- KO
- BP
- COMM
- KHC