Quantitative Options Trader

Edgehog Trading • Chicago, IL

13h • Onsite

About The Position

Edgehog is hiring a Quantitative Options Trader to design and optimize systematic options trading strategies using quantitative research and machine learning, and to build algorithmic options models from ideation through production deployment. The role analyzes market microstructure and execution quality to generate alpha signals and improve strategy performance, collaborates with quantitative researchers and engineers on models using proprietary datasets, and manages real-time risk across a diversified portfolio of options positions.

The position is Chicago-based and offers early ownership of real P&L, access to founders and senior team members, and work with proprietary models and in-house low-latency trading systems. The firm provides monthly mentor one-on-ones and quarterly leadership reviews. Base salary is $150,000 per year; full-time, permanent roles are also eligible for a discretionary bonus and benefits.

Requirements

• 1–4 years of previous trading experience, with a proven track record of success managing an options market-making book and maintaining or improving automated trading systems.
• 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.
• Strong Python programming skills.

Responsibilities

• 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.
• Analyze market microstructure and execution quality to generate alpha signals and improve strategy performance.
• Collaborate with quantitative researchers and engineers to develop new models using proprietary datasets.
• Manage real-time risk across a diversified portfolio of options positions.
• Manage real P&L and contribute to the firm's trading impact.

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 for full-time, permanent roles.

What This Job Offers

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