Financial Letter - October 28th, 2019
244th 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:
- Stratégie d'utilisation des marchés boursiers (Novembre 3rd 2019)
- 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 1.2% this week thanks to better-than-expected earnings for companies in the third quarter.
In our opinion, the market's trend is bullish.
This week's active trading
(Portfolio CKL0522) - 2019/10/28
Week of the 21st of October, 2019
This week's strategy was once again a covered call writting strategy on UPRO but on half of our long positions.
Here are this week's transactions :
- 10 Short Calls 2019/10/25 UPRO (56) @ 0.90 on the18th of October 2019
- Rebought the Calls 2019/10/25 UPRO (56) @ 1.65 on the 25th of October 2019
Weekly profit/loss on closed positions
Short Call: +0.90 – 1.65 = -0.75
Loss = 0.75 * 10 * 100 = 750$
Loss on the options per client (closed positions)= -750 USD$
Weekly profit/loss on opened positions
Price of UPRO friday the 18th of October 55.78
Price of UPRO friday the 25th of October 57.58
Weekly profit of opened positions per client = 1.80 * 2000 = 3 600 USD$
Here are some US stocks that have a bullish signal:
- CLB
- LYV
- WETF
- SPLK
- EAF