DeCarley Trading - Futures, Options, Integrity

DeCarley Trading strives to offer the highest quality futures and options brokerage services at competitive rates. Whether you prefer trading online via a state-of-the-art trading platform, or with an experienced commodity broker, we are confident DeCarley is capable of exceeding your expectations.

Full- Service

Beginning traders are recommended to take advantage of the benefits of full service in order to gain orientation of the markets and trading in general.

Broker Assisted

If you are a relatively experienced futures and options trader but would like to have access to a broker, you may want to consider a broker assisted account.


Are you an experienced trader? If so, you may not need a broker; nor do you need to pay for service that you won't use. If this is you, save yourself some money and go for this option!


Self-Directed Pro

If brokers and commissions just get in your way, this is the plan for you. The Pro plan is reserved for those with ample account funding and trading experience to require minimal broker attention.

Managed Futures

Studies suggest traditional stock and bond portfolios can be improved with the addition of managed futures, let us help to determine if portfolio diversification makes sense for you.


We are partnered with a system vendor who has conducted due diligence on a handful of system developers, and over 300 systems, which have proven to be relevant.


**There is substantial risk of loss in trading futures and options.

**Past performance is not indicative of future results


On the radar:

• Crude volatility is high, but so are option values...sell strangles.

 CL CL_F Crude Oil Futures

December Crude Oil Short Option Strangles

Down $4.00 per barrel yesterday, up $3.00 today! As luck would have it, we exited our previous crude oil strangles right before the market started getting frisky (and it was nice to avoid the stress that might have come with being in). However, it feels like it might be time to get back in. Excessive price changes in recent sessions allow traders to collect attractive premium for options nicely out of the money.

Specifically, we like the idea of selling the December $104 call and the $80 put for about $1.14 or $1,140. The futures price is at $91, so we have plenty of breathing room on both sides of the trade. Assuming this trade is held to expiration, the trade is profitable between about $103 and $79, the max profit of $1,140 comes into play if the market is between $104 and $80 (see chart above) but don't forget, there is unlimited risk of loss in option selling!

This appears to be a rather high probability trade, but of course any time you are selling options naked there is theoretically unlimited risk.

Let me know if you have questions or would like me to help you to participate. We estimate the margin on this trade to be about $1,800.

DeCarley Trading a division of Zaner Group

This email address is being protected from spambots. You need JavaScript enabled to view it.

Due to time constraints and our fiduciary duty to put clients first, the charts provided in this newsletter may not reflect the current session data.

**Seasonality is already factored into current prices, any references to such does not indicate future market action.

There is substantial risk of loss in trading futures and options.

Futures and Options Trading Booksby Carley Garner

What People are Saying about Our Commodity Trading Books

Choosing a Futures Broker and Brokerage Service

Full-Service or Online Trading?

The decision to trade online or through a full-service commodity broker will undoubtedly make a large impact on your bottom line.

Learn More

A Fair Commission Rate vs. Low Commission

To look at commission rates objectively, we must understand the background of the futures industry and how brokerages accept risk for fees.

Learn More

Choosing a Commodity Brokerage Firm

Deciding on a commodity brokerage firm is a significant decision and shouldn’t be taken lightly. Not all traders and brokers are compatible.

Learn More

Choosing a Futures and Options Broker

Most traders in search of a futures broker are concerned primarily with trading platforms, commission, and quality guidance.

Learn More

The Truth about Futures Commission

The goal of futures trading should be to MAKE money, not SAVE it! Discount commodity brokers cut corners that cost their clients time & money.

Learn More

Commodities via Futures or ETFs?

A key difference to trading commodity futures over ETFs is leverage, but there is more to discuss, such as taxes, market hours, and efficiency.

Learn More