Senior US Index Options Trader
About The Position
The Senior US Index Options Trader will proactively manage pricing and positions for the SPX index options market-making desk and manage real-time risk 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 analyze market microstructure and execution quality to generate alpha signals and improve strategy performance, collaborating with quantitative researchers and engineers to develop new models using proprietary datasets. The position is Chicago-based and offers access to the founders and senior team, early ownership of real P&L, and work with proprietary models and in-house low-latency trading systems. The firm describes monthly mentor 1-on-1s and quarterly leadership reviews. The base salary is $150,000–$175,000 per year. Full-time, permanent roles are eligible for a discretionary bonus and benefits.
Requirements
- At least 3 years of previous trading experience, with a proven track record of success managing an index options market-making book.
- 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
- Proactively manage pricing and positions for the SPX index options market-making desk.
- 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.
Benefits
- Comprehensive health insurance with premiums 100% covered by the firm.
- Dental insurance with premiums 100% covered by the firm.
- 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.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
