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.


The DeCarley Perspective Commodity Analysis Newsletter

This text was sent to DeCarley brokerage clients on May 20th 2015.

There is substantial risk of loss in trading futures and options. Past performance is not indicative of future results.

On the commodity radar:

* Implied volatility in Euro options is elevated, and recent swings in the currency has helped to pump up option prices.  Let's sell a strangle using the July options.




Sell July Euro Currency 116.50 calls and 105.50 puts

Intense volatility in the Euro has created an environment in which it is possible to sell strangles with distant strike prices at attractive pricing. For instance, It is possible to collect nearly $1,000 for a strangle with a 10 handle spread expiring 44 days from now. Last year it would have required a 4 to 5 handle spread to collect similar premium.

Following the recent thrashing, we suspect the Euro will have a tendency to consolidate. Further, seasonals suggest stabilizing trade going into early June. Accordingly, we like the idea of selling the July 116.50 call and the 105.50 put for a total of about 70 ticks, or $875. This creates a scenario in which the trade makes money or breaks even anywhere from 117.20 down to 104.80 if held to expiration. Ideally, we'd like to see prices stay within the strike prices; if so it would be possible to yield the max profit of $875 before transaction costs (assuming the trade was held to expiration). This gives the Euro nearly 500 ticks to move in either direction, and, in our opinion, offers attractive odds of success.

Should the Euro travel above 116.50, or below 105.50, the risk is theoretically unlimited and is similar to being short or long the futures contract.

**Past performance is not indicative of future results (seasonal data tells us what has happened in the past, not necessarily what will happen in the future).

**There is unlimited risk in selling options!

Futures and Options Trading Booksby Carley Garner

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