Index Options Trader

G-20 Group; Hong Kong; On-site; HKD 1,500,000 - 2,100,000; Full time

Job summary

G-20 Group, a cross-asset trading firm, seeks an Index Options Trader to manage a discretionary index options portfolio and collaborate with quants and developers.

The role focuses on refining pricing models, optimizing trading strategies, and driving superior risk‑adjusted returns while monitoring macro events and volatility dynamics across major indices. Based in HK with global coverage.

Qualifications

• Degree in Finance, Mathematics, Physics, Computer Science, Engineering, or a related field from a top-tier university.
• Strong background in options trading with a solid understanding of options pricing theory, volatility trading, and relevant strategies.
• Proven track record of generating profits (PnL >$2m annually for >3 years).
• Experience with quantitative trading and applying data analysis to trading decisions.
• Excellent analytical and problem-solving abilities with data-driven decision making.
• Strong communication and collaboration skills across teams.

Responsibilities

• Develop, implement, and refine index options trading strategies across major benchmark indices (e.g. S&P 500, Nasdaq 100, Russell 2000, or regional indices).
• Analyze market microstructure, order flow, and volatility dynamics to identify trading opportunities.
• Collaborate with quantitative analysts and developers to improve options pricing models, hedging algorithms, and execution tools.
• Maintain awareness of macroeconomic events and policy developments affecting volatility.
• Execute trades with precision across listed index options and related futures, ensuring best execution and liquidity management.
• Manage portfolio Greeks (delta, gamma, vega, theta) and adjust hedges dynamically around expiries and macro events.
• Contribute to the enhancement of trading infrastructure, data pipelines, and analytics.
• Monitor portfolio performance and risk metrics, providing feedback on strategy effectiveness.

Skills

Options trading

Pricing theory

Quantitative analysis

Data-driven decisions

Python

Education

Bachelor's degree in Finance/Math/Physics/CS/Engineering

Tools

Python

Excel/VBA

SQL

Job description

About G-20

G-20 Group is a cross-asset trading firm headquartered in Switzerland, trading delta-one and derivatives markets globally. We combine startup agility with institutional-grade experience in proprietary trading, technology, and quantitative finance.

Role Overview

As an Index Options Trader at G-20, you will be responsible for managing and optimizing a discretionary index options portfolio. You will collaborate with a team of traders, quantitative researchers, and developers to enhance pricing models, refine trading strategies, and drive superior risk-adjusted returns. This role offers a unique opportunity to contribute to G-20's continued expansion within a fast-paced and dynamic trading environment.

Key Responsibilities

• Develop, implement, and refine index options trading strategies across major benchmark indices (e.g. S&P 500, Nasdaq 100, Russell 2000, or relevant regional indices).
• Analyze market microstructure, order flow, and volatility dynamics (including skew, term structure, and implied vs. realized volatility) to identify and capitalize on trading opportunities.
• Collaborate with quantitative analysts and developers to improve options pricing models, hedging algorithms, and execution tools.
• Maintain strong awareness of macroeconomic events, central bank policy, and geopolitical developments that influence index levels and volatility markets.
• Execute trades with precision across listed index options and related futures, ensuring best execution and liquidity management.
• Manage portfolio Greeks (delta, gamma, vega, theta) and adjust hedges dynamically in response to changing market conditions, including around key macro events and expiries.
• Contribute to the continuous enhancement of G-20's trading infrastructure, data pipelines, and analytical frameworks.
• Monitor portfolio performance and risk metrics, providing regular feedback on strategy effectiveness and market impact.

Requirements

• Degree in Finance, Mathematics, Physics, Computer Science, Engineering, or a related field from a top-tier university.
• Strong background in options trading with a solid understanding of options pricing theory, volatility trading, and relevant strategies. Experience in high volatility asset classes and leveraged trading is essential.
• Proven track record of generating consistent profits (PnL >$2m annually for more than 3 years, increasing with experience).
• Experience with quantitative trading and the ability to apply data analysis to trading decisions.
• Exceptional analytical and problem-solving abilities, capable of making quick, data-driven decisions.
• Excellent communication and collaboration skills, with the ability to collaborate effectively across teams.
• Demonstration of a results-driven, proactive, and self-motivated approach.

Preferred / Desirable Experience

• Experience in a proprietary trading, market-making, or hedge fund environment.
• Familiarity with automation and algorithmic execution strategies for options.
• Proficiency with trading and analytical tools (e.g. Python, Excel/VBA, SQL).

Right to work:

This role can be based out of our Zurich, London, New York or Hong Kong office. Only candidates who possess the pre-existing right to work in one of the locations above without company sponsorship need apply.

Join G-20 Group and be a part of a team that is at the forefront of financial markets, driving innovation and excellence in the sector.