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Sat, Jan 17th, 2026

Sat, Jan 17th, 2026

Darren Carlat

Darren Carlat

Darren Carlat is the Managing Director of the Bull Strangle Newsletter, overseeing market research, customer satisfaction, and  operations management. He graduated from Washburn University in Topeka, KS, with a Bachelor’s degree in Business Administration  and a major in Accounting. 

In 1986, he began a 32-year career at Frito-Lay, Inc., a snack food producer and distributor that is part of PepsiCo Inc. Before retiring  in early 2018, Mr. Carlat was an Executive in Supply Chain Operations at the company's headquarters in Plano, TX, where he  managed demand forecasting, production scheduling, replenishment planning, and other supply chain activities. 

Mr. Carlat has developed, programmed, and tested various trading systems for decades.  

  • In 2010, he completed initial development of a seasonal spread trading strategy, which he has continually refined and improved.  This trading system forms the basis of all his managed futures programs and is used for his own trading activities.

  • In 2014, he founded SpreadEdge Capital, LLC, registered it as a Commodity Trading Advisor (CTA), and started offering the program  to the public. 

  • In 2018, he retired from PepsiCo and is now dedicated to trading full time and remains one of the largest investor in the Diversified  program. 

  • In 2020, he began developing a stock option trading strategy, which he continues to refine and improve.  • 

  • In 2025, he launched the Bull Strangle Newsletter, allowing subscribers to trade the same strategy he uses in his personal account. 

Most Recent Stories

Direxion Daily Homebuilders (NAIL) and Pan Amer Silver (PAAS) lead the Bull Strangle watch list for this week

Pan American Silver Corp (PAAS) has surged to fresh highs following a powerful breakout, accelerating sharply after reclaiming its rising 50-day and 100-day moving averages. Price is now extended above...

Understanding Supply Cycles: How Harvest, Storage, and Transport Drive Spread Behavior

Commodity spreads aren’t random. This article explains how harvest timing, storage costs, and transportation constraints create repeatable supply cycles that drive spread behavior.

Earnings Season Landmines: How to Avoid the Biggest Risk in Options Trading

Option strategies thrive on probabilities. Earnings destroy them. Here’s why professional traders systematically avoid earnings risk altogether.

Ultrapro QQQ 3X ETF (TQQQ) and Joby Aviation (JOBY) lead the Bull Strangle Watch List for THis Week

TQQQ is consolidating near the upper end of its advance, pressing against a descending trendline after a strong multi-month uptrend. Price is holding above a tight cluster of rising short- and intermediate-term...

Why Seasonal Futures Spreads Work: The Hidden Rhythms Inside Commodity Markets

This article explains why seasonal patterns persist in commodity markets and how futures spreads are designed to capture those recurring tendencies.

The 4-Week Ladder: A Smarter Way to Create Steady Option Income

Instead of concentrating option trades in one expiration, a 4-week ladder staggers positions across multiple cycles to smooth results and simplify decision-making.

Baxter International (BAX) and Vaneck Gold Miners ETF (GDX) top the Bull Strangle watch list for next week

This article highlights two stocks/ETFs currently appearing on the weekly newsletter watch list, illustrating how technical structure, trend behavior, and market context are used to identify candidates...

Update: Cocoa Index Flows Confirmed — and Why Silver Tells a Very Different Story

Cocoa has transitioned from a prolonged downtrend into a flow-driven transition phase ahead of January index rebalancing, with approximately 36,500 contracts still required to be purchased. In contrast,...

How to Sell Options Safely: A Stock-Backed Alternative to the Short Strangle

This article explains how selling options can be structured more safely by anchoring trades to real stock ownership and excess cash. By combining covered calls with cash-secured puts, traders can generate...

The Power of 15-Year Seasonal Data: Finding High-Probability Commodity Spreads

Commodity spreads often move according to recurring seasonal forces rather than daily headlines. Using long-term seasonal data allows traders to focus on historically favorable windows while avoiding periods...

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BREAKING 🚨: U.S. Housing Market Home Sellers now outnumber Buyers by 530,000, the largest gap ever recorded 🤯 https://t.co/46ggWD3SO7
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BREAKING 🚨: Eggs Egg Prices have now plunged 95% over the last 10 months 📉📉🐔🥚 https://t.co/Q9Ylf8714P
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U.S. Treasury was scheduled to buy back $4 Billion of its own debt today but couldn't due to a "technical issue" 🚨🚨 https://t.co/z4imSHjXga
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Uranium jumps to highest price since July 2024 📈📈 https://t.co/v8HkPn0ilb
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Stock Market sees highest level of Greed since September 🥳🤑🫂 https://t.co/xFQ3LOx7Cl
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BREAKING 🚨: Cocoa Cocoa plunges to its lowest price in almost 2 years 📉 Chocolate Lovers Rejoice 🍫🥳🫂 https://t.co/m1riFOt7gZ
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Almost 68% of S&P 500 Stocks are now trading above their 200-day moving average, equaling the strongest market breadth since 2024 📈🥳🫂 https://t.co/EhteDsp1EY
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Silver soars to a new all-time high 📈 $100 in sight 👀 https://t.co/nNdrJfrgva
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H/T: ZeroHedge
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