Commodity Options Trader

Edgehog Trading • Chicago, IL

1d • $150,000 - $175,000

About The Position

The Commodity Options Trader will manage real-time risk and pricing across a diversified portfolio of options positions. The role involves designing and optimizing systematic options trading strategies using quantitative research and machine learning, and building and refining algorithmic options trading models from ideation through production deployment. The trader will monitor commodity fundamentals that may drive mispricing beyond systematic signals, including supply and demand, storage, weather, and term structure and skew across the curve. The role collaborates with quantitative researchers and engineers to develop models using proprietary datasets.

The position is based in Chicago. The firm describes a small-team environment with early ownership of real P&L, proprietary models and in-house low-latency trading systems, regular mentor and leadership reviews, and a trading community. The stated base salary is $150,000–$175,000 per year. Full-time, permanent roles are eligible for a discretionary bonus and benefits.

Requirements

• 2–7+ years of previous trading experience with a proven track record of success managing a commodity options market-making book.
• Working knowledge of commodity options pricing, volatility, and market structure on listed CME/ICE products.
• BA, BS, MS, or PhD degree in Computer Science, Data Science, Engineering, Math, Economics, Finance, Physics, or a related field.
• Exceptional attention to detail.
• Excellent quantitative and analytical skills.
• Ability to take on many responsibilities quickly with a high degree of operational excellence.

Nice To Haves

• Python programming skills are a plus, but not required.

Responsibilities

• Manage real-time risk and pricing across a diversified portfolio of options positions.
• Design and optimize systematic options trading strategies using quantitative research and machine learning techniques.
• Build and refine algorithmic options trading models from ideation through production deployment.
• Track commodity fundamentals that drive mispricing beyond pure systematic signals, including supply and demand, storage, weather, and term structure and skew across the curve.
• Collaborate with quantitative researchers and engineers to develop new models using proprietary datasets.

Benefits

• Comprehensive health, dental, and vision insurance with premiums 100% covered by the firm.
• 401(k) with a 4% company match.
• Unlimited paid time off and sick leave.
• Free lunch, coffee, drinks, and snacks.
• Commuter benefits.
• Monthly happy hours and annual team events.
• Discretionary bonus eligibility for full-time, permanent roles.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level