Trying to enter a "Bullet" PPP? Here's why you won't have much luck. By Michael Weiner, PreConstruction Catalysts

There is a fallacy among many that they can enter a Bullet trade as the first step in the PPP. We do have the trade groups who are stationed at HSBC, Standard Chartered, Deutsche Bank, Credit Suisse and Barclays, where an admin hold can be placed into a 40-week program.

A Bullet only comes along when there is a temporary oversupply of paper in the pipeline. There is not one at this time. The reason no client will be entertained who wants a Bullet is a practical one: A Bullet, by nature, is very short-term. Usually days. Since it takes 2-3 weeks for a new client to start trading with our groups, by the time the client's info has been processed and cleared, a contract issued, and the lag time from start of trading, the Bullet program is already gone.

If a client thinks they are going to really get into a Bullet trade first, without already being in a 40-week program, they are delusional-- they do not understand what, why and how a Bullet trade comes about.

Instead of searching for the Bullet “unicorn”, plan on first getting into a regular old 40-week program. THEN, if a Bullet comes along, you are already on the trading train, and can take advantage.