The original Sharpe Income post can be found here.
Remember that $25.00 has been added to the account this week, per the rules of this account as mentioned in the original post.
We continue the “Shape Income” discussion from the last entry.
In this entry, I need to review a few points, and make some clarifications.
First of all, Friday’s entry on IBM had a lot of qualifying statements and details. Because we have not yet filled in our educational entries and menu’s here at Sharpe Trade, I had to qualify much of what I was saying, and what I was talking about. But once we have filled in the educational series here … such entries will be more brief, as readers will simply be able to look up information here at the site if terminology is used that they are not familiar with.
Again, I am considering that there is an order out there for this account to BUY 2 IBM at $165.35 STOP – Good Till Cancelled (GTC), for this model income account. Since I have not announced I am cancelling that order, and $165.35 has not been hit yet, then we are not yet filled on that order.
The other points I need to make, which I will do in the following video …
We continue the “Sharpe Income” discussion in the next entry that you can find here …
Disclosure: I do maintain long positions in IBM in my own personal Fixed Income account at a cost average of $175.70 and long in separate valuation accounts with a cost average of $185.60. No businesses that I am associated with, to my knowledge, has any position in IBM, long or short, at this time.