Financial Letter - January 13th 2020
255th 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 1.02% weekly increase. The Communication Services Sector and the Technology Sector were the leading sectors this week.
Once again the 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) - 2020/01/13
Week of January 6th 2020
This week's strategy was a covered call writing strategy on half of ou SPY positions. This strategy permits us to profit if the market goes up on the stocks and profit on the short calls if the market is neutral or slightly decreases.
Here are the transactions of the week:
- Bought 750 shares of SPY @ 322.35$ on the 3rd of January
- 4 Short Calls SPY 2020/01/10 322.50 @ 2.00$ on the 3rd of January
- Sold 750 shares of SPY @ 327.19 on the 10th of January
- Rebought the 4 calls SPY 2020/01/10 322.50 @ 4.70$ on the 10th of January
Weekly profit of the strategy
Profit on the 750 shares of SPY : 327.19 - 322.35 = 3 630$ US
Loss on the 4 short calls SPY 2020/01/10 322.50 = 2.00 - 4.70 = -1 080$ US
Net Profit: 3 630 - 1 080 = 2 550$ USD per client
VIP accounts (CKL0522 Portfolio on Futures Market) - 2020/01/13
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 2020/01/10 3240 @ 17.25$ on the 3rd of January
- Rebought the call 2020/01/10 3240 @ 42.00$ on the 10th of January
- Sold the 1 contract ESH20 @ 3281 on the 10th of January
Profit/loss on the strategy
Profit on the ESH20 contract = (3281 - 3244.50) * 50 = 1 825$ US
Loss on the short calls = +17.25 - 42.00 * 50 = -1237.50$ US
Net Profit: 1 825 - 1 237.50 = 587.50$ USD per client
Here are some US stocks that gave a bullish signal:
- VER
- HRB
- TROX
The team at CKL wishes you a great week!