Options Trader

Salary $150,000-$250,000 base plus performance bonus
LocationChicago, Illinois
Employment type Permanent
Discipline
Financial Services

Job description

Job Title: Options Market Making Trader (Junior to Senior Levels)
Location: Chicago, New York, or London
Company: Leading Proprietary Trading Firm

About Us:
This Proprietary Trading Firm is a globally recognized leader in the financial markets, specializing in cutting-edge technology and quantitative strategies. We pride ourselves on our innovative approach to trading, leveraging advanced algorithms, data-driven insights, and a collaborative culture to deliver exceptional results. As we continue to expand, we are seeking talented and motivated Options Market Making Traders to join our dynamic team in Chicago, New York, or London.

Role Overview:
As an Options Market Making Trader, you will play a critical role in managing and optimizing our options trading strategies. You will be responsible for providing liquidity, managing risk, and identifying profitable opportunities in fast-paced, competitive markets. This role is open to candidates at all levels, from junior traders looking to grow their careers to experienced professionals ready to take on greater responsibility.

Key Responsibilities:

  • Market Making: Provide liquidity by quoting bid and ask prices for options across various asset classes, ensuring tight spreads and efficient risk management.

  • Risk Management: Monitor and manage portfolio risk, including delta, gamma, vega, and other Greeks, to ensure optimal positioning and profitability.

  • Strategy Development: Collaborate with quantitative researchers and developers to refine and enhance trading strategies, leveraging data analysis and market insights.

  • Execution: Execute trades with precision, utilizing proprietary trading tools and algorithms to capitalize on market opportunities.

  • Market Analysis: Stay ahead of market trends, news, and macroeconomic events that may impact options pricing and volatility.

  • Collaboration: Work closely with other traders, researchers, and technologists to share ideas, improve strategies, and drive innovation.

  • Performance Tracking: Analyze trading performance, identify areas for improvement, and implement changes to enhance profitability.

Qualifications:

  • Experience:

  • Junior Candidates: 0-3 years of experience in trading, finance, or a related field. Strong academic background and a passion for financial markets are essential.

  • Senior Candidates: 5+ years of experience in options market making or related trading roles, with a proven track record of success.

  • Education: Bachelor’s or Master’s degree in Finance, Mathematics, Engineering, Economics, Computer Science, or a related field.

  • Skills:

  • Strong understanding of options pricing, volatility, and risk management.

  • Proficiency in programming languages such as Python, C++, or Java is a plus.

  • Excellent analytical and problem-solving skills.

  • Ability to thrive in a fast-paced, high-pressure environment.

  • Strong communication and teamwork skills.

  • Mindset: Self-motivated, curious, and eager to learn. A passion for markets and a drive to succeed in a competitive environment.

    What We Offer:

    • Competitive compensation package, including performance-based bonuses.

    • Opportunity to work with cutting-edge technology and a world-class team.

    • Collaborative and inclusive work environment.

    • Continuous learning and professional development opportunities.

    • Flexibility to work in Chicago, New York, or London.