Hi Mike, I just read your blog post on the SYY trade you guys made the other day. It was basically a play for an opening drivethat you wanted to add to your traders’ playbook. Just a quick couple of questions, if you don’t mind: 1) Would you be more aggressive if you see the bid hold at 30.63, drop, … Read More
The SMB PlayBook: Compiling our best trades
We have been doing an exercise with our traders that I thought I would share. We ask our traders to create a playbook. Plays and patterns that make sense to them that they want to trade more of. At the end of the day the trader considers a best trade they made, details this trade in our SMB PlayBook template … Read More
Gap, Battle and Go (SYY)
SYY gapped up on the open after earnings. Intraday Fundamentals From Reuters: * Q3 EPS $0.46 vs est $0.41 * Q3 sales $9.76 bln vs est $9.48 bln * Shares up 11 pct, at year-high (Compares with estimates, adds background in paragraoh 2; updates shares) May 9 (Reuters) – Top U.S. food distributor Sysco Corp reported quarterly results that easily … Read More