Equity Volatility Quant Researcher Intern (Summer 2027)
About The Position
Walleye Capital is seeking exceptional Quant Researcher Interns to join its longest-standing business, Equity Volatility, for Summer 2027. We make markets in U.S. single stock and index options, running a diverse set of strategies – systematic and discretionary, grounded in both quantitative rigor and qualitative insight. With a strong foundation, our group operates at the frontier of innovation – continually evolving our strategies and infrastructure as the options landscape grows in scale, complexity, and opportunity. This high-impact internship is designed for deeply analytical, technically adept students with a strong intellectual curiosity about options markets. Interns will play a meaningful role in advancing quantitative research projects that drive real-world trading decisions. Structured to reflect the responsibilities of a full-time quant researcher, the program offers immersive, hands-on exposure to our end-to-end research and trading workflows, providing an authentic and rigorous experience at the intersection of theory and execution. The internship is 10 weeks in length and will take place in Miami from June to August 2027.
Requirements
- Pursuing an undergraduate or non-MBA advanced degree in a quantitative field, with an expected graduation date between December 2027 and June 2028.
- Possess strong programming skills—particularly in Python —and hold experience working with large datasets, APIs, or databases.
- Demonstrate rigorous analytical thinking with a strong knowledge of probability & statistics (time-series analysis, machine learning, optimization).
- Are self-starters who enjoy digging into complex, open-ended problems and can work both independently and collaboratively with a team.
- Exhibit a genuine interest in financial markets, risk taking, and using technology in dynamic, data-rich environments.
- Showcase creativity and enthusiasm for leveraging AI tools to enhance productivity and improve processes and workflows.
- Thrive in a collaborative culture that values intellectual humility, creativity, and continuous learning.
Responsibilities
- Build a strong foundation in options markets through both an academic and a practitioner’s lens.
- Keep up to date on major macro developments and market-moving headlines, with a focus on understanding their implications for trading decisions and portfolio risk.
- Collaborate with seasoned portfolio managers and quantitative researchers specializing in single-stock and index volatility strategies.
- Perform various quantitative research tasks and projects using large-scale volatility datasets.
- Enhance research infrastructure and tools for trading and risk management, with an emphasis on leveraging AI.
Benefits
- $50,000 for 10 weeks
- $10,000 housing stipend
- Transportation to and from Miami (domestic travel only)
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What This Job Offers
Career Level
Intern
Education Level
No Education Listed
