[[ type === 'moc' ? 'MARKET ON CLOSE' : 'FREE WEBINAR' ]]
[[ timeLabel ]] WATCH LIVE:
Your browser of choice has not been tested for use with Barchart.com. If you have issues, please download one of the browsers listed here.
Investment Tools And Research To Help Make You A More Confident And Profitable Trader. FREE 30 Day Trial
Stocks | Futures | Watchlist | News | More
or
Sat, May 23rd, 2026

Sat, May 23rd, 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

The Biggest Surprise From 15 Years of Seasonal Spread Research: Direction Matters

Most traders think of spread direction as simply bullish or bearish. But long-term research revealed something much more important. BUY and SELL structures frequently produce entirely different win rates,...

Covered Calls vs. Stock Plus Dual Option Selling: What’s the Difference — and When Should Investors Use Each?

Covered calls remain one of the most popular income strategies, but adding cash-secured puts creates an entirely different framework. Here’s how Stock Plus Dual Option Selling changes capital deployment,...

DAL and IBIT Highlight the Importance of Technical Structure for Option Sellers

This week’s Bull Strangle watch list highlights Delta Air Lines and the iShares Bitcoin Trust ETF—two very different setups showing improving technical structure. DAL continues to consolidate within...

Stock + Option Selling Myth: More Premium Does Not Always Mean a Better Trade

The market is not giving away free income. High option premiums usually signal higher expected volatility, larger drawdowns, and less stable stock behavior. This article explores why the best option-selling...

The Most Consistent Seasonal Trades Across Commodities—Backed by 15 Years of Data

After analyzing roughly 500,000 seasonal spread combinations across 15 years of data, several commodity markets consistently separated themselves from the field. This article breaks down the top-performing...

Bull Strangle Watch List: Strength, Patience, and Entry Discipline

Markets continue to grind higher, but opportunity lies in selectivity. This week’s watch list examines EBAY and EWZ, showing how structure—not speed—defines trade quality and reinforces a disciplined...

Why Option Sellers Have a Statistical Edge—and How to Use It Responsibly

Option sellers often benefit from time decay and inflated implied volatility, but the real edge comes from disciplined risk management and proper position sizing.

How to Build a Spread Watch List Using Historical Seasonality and Fundamental Drivers

This article explains how traders can build stronger spread watch lists by combining historical seasonality with current market fundamentals.

Two Setups, One Framework: What eBay and Teva Reveal About Trade Selection

eBay and Teva represent two distinct paths to opportunity—steady trend continuation and a breakout from consolidation. Both illustrate how aligning structure with strategy can improve outcomes in options...

What Happens When Seasonality and Geopolitics Collide?

Markets don’t always follow their seasonal patterns—especially during geopolitical events. This analysis of RBOB gasoline shows how conflicts can temporarily distort price action, and why structure...

Tweets @Barchart

Barchart
@Barchart
BREAKING 🚨: Bitcoin bitcoin:native Timberrrrrrrrrrrrrrrr 📉📉📉 https://t.co/f82ltZh7FN
Barchart
@Barchart
BREAKING 🚨: JP MorganS&P 500 $SPY now up more than 12% since JP Morgan told us to short the market 📈 RIP! 🫡🪦 https://t.co/JIJsfZoxP0
Barchart
@Barchart
S&P 500 $SPX has now traded green for 8 consecutive weeks, its longest winning streak since 2023 📈🥳🤑🫂 https://t.co/bVYmHCFuhy
Barchart
@Barchart
BREAKING 🚨: American ConsumersConsumer Sentiment plunges to lowest level in history 📉📉 https://t.co/AjvzChu0uY
Barchart
@Barchart
Nvidia $NVDA is now outperforming Bitcoin $BTC by the largest margin in nearly a decade 🚨🚨 https://t.co/LBD5s0Rt7D
Barchart
@Barchart
U.S. Credit Card Accounts delinquent by 90+ days have jumped to 13.1%, the highest level in 15 years and closing in on the highest level in history 🚨🚨🚨 https://t.co/hXkpLl8WpT
Barchart
@Barchart
S&P 500 $SPY is now outperforming the Equal Weight S&P 500 by the largest margin in 24 years 🚨🤯👀 https://t.co/g2h5XZeSgD
Barchart
@Barchart
Source: FRED
Barchart
@Barchart
U.S. Banks are currently facing unrealized losses of $306 Billion 🤯👀 https://t.co/RVlUfdETZt
Barchart
@Barchart
😂😂 https://t.co/AiuURWB6n0
Want to use this as
your default charts setting?
Save this setup as a Chart Templates
Switch the Market flag
for targeted data from your country of choice.
Open the menu and switch the
Market flag for targeted data from your country of choice.
Want Streaming Chart Updates?
Switch your Site Preferences
to use Interactive Charts
Need More Chart Options?
Right-click on the chart to open the Interactive Chart menu.
Use your up/down arrows to move through the symbols.