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Belvedere Trading

Posted 9 months ago

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Experienced Equity Options Trader

ChicagoOn-siteFull-time

AI Summary

Experienced Equity Options Trader joining Belvedere Trading’s Equity Index or Individual Equity Options groups, owning strategy, risk, and performance for equity options while collaborating with technologists in a fast-paced, market-making environment.

About this role

Belvedere Trading is a leading proprietary trading firm. We are a team driven by intellectual curiosity, seeking answers that will change not only how we trade in this technological age, but also the future landscape of the trading industry.
Our traders provide liquidity to the market through their market-making activities and are the masters of a diverse set of commodities, interest rates, exchange-traded funds (ETF), and equity index options. Traders partner with our technologists to continually engineer and optimize our trading systems to stay on top of the industry.

As an Experienced Equity Options Trader, you will join our Equity Index or Individual Equity Options Trading Groups. In this role, you’ll take ownership of strategy, risk, and performance across Equity options while helping shape the future of our trading desk. You’ll bring strong market intuition, a quantitative mindset, and a team-first approach to a fast-paced environment where we solve complex problems together.

What you'll do

  • Become a leader in options market-making, while being recognized and compensated for your contributions within the firm.
  • Participate in formal education on quantitative concepts to build your trading knowledge.
  • Execute trades in a fast-paced environment with precision and a focus on maximizing profitability.
  • Excel in market-making on a highly collaborative team and actively provide liquidity across multiple markets while ensuring efficient pricing and risk management.
  • Execute strategy development and collaborate with the team to design and implement trading strategies in highly liquid names.
  • Provide analytics & insights to analyze market data to identify trends, mispricing, and emerging opportunities within Equity Markets.
  • Develop tools to analyze positional opportunities, evaluate risk, and improve options liquidity.
  • Collaborate with technologists, quants, and traders to systematize models and trading strategies.
  • Ensure risk management by monitoring and managing positions within risk limits.

    • What you'll need

  • 3–7+ years of experience trading single-stock options, index options, or ETF options, ideally in a market-making setting.
  • A strong track record of generating PnL, managing risk, and executing strategies in fast-moving markets.
  • Deep understanding of options pricing, volatility dynamics, and market microstructure.
  • Proficiency in Python, R, SQL, or similar tools, with the ability to work with large datasets and build analytical or modeling frameworks.
  • Ability to thoughtfully approach decision-making, thrive under pressure and adapt quickly to changing market conditions.
  • Excellent communication skills and a team-oriented mindset.
  • Bachelor’s degree or higher in Finance, Economics, Physics, Mathematics, Engineering, Computer Science, or a related field.

    • Skills

    Analytical ModelingData AnalysisMarket MakingMarket MicrostructureOptions PricingPythonRRisk ManagementSQLVolatility Dynamics

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