Senior Derivatives Trader – Equity Omnis Partners

The Corporate Institute; Mumbai; On-site; INR 3,000,000 - 9,000,000; Full time

Job summary

The Corporate Institute in Mumbai invites a senior equity derivatives trader to sharpen portfolio returns using disciplined delta-based strategies across stocks and indices. You will blend fundamental research with derivatives expertise to identify high-conviction ideas, generate incremental yield, and manage risk within our long-term investment philosophy.

Responsibilities include researching and proposing delta-based strategies, managing covered call writing, exploring cash-secured puts,

Qualifications

• Strong alpha generation through options and futures strategies.
• Solid understanding of option pricing models.
• Experience developing, back-testing, and implementing new derivatives strategies.

Responsibilities

• Research and propose innovative delta-based strategies that generate incremental returns across varying market environments.
• Execute and actively manage covered call strategies on existing portfolio holdings to generate consistent premium income.
• Identify opportunities to write cash‑secured puts on fundamentally attractive businesses where we are comfortable owning the underlying if assigned.
• Continuously source stock‑specific and index‑level derivatives opportunities based on valuation, market structure, volatility, macro events, and positioning.
• Identify periods where implied volatility diverges from realized volatility and monetize these dislocations.
• Back‑test and evaluate new derivatives strategies before implementation.
• Develop and recommend new portfolio enhancement strategies, including: buy futures / sell covered calls; collar strategies; protective hedges; synthetic long and short positions; event‑driven option strategies.

Skills

Delta-based trading

Options pricing

Back-testing

Equity derivatives

Research ability

Education

Bachelor’s degree in Finance, Economics, Business Administration, or related field

CA/CFA/CMT preferred

Job description

Position Title:

Senior Derivatives Trader

Location:

Nariman Point, Mumbai

Job Summary:

Seeking an experienced Senior Equity Derivatives Trader to enhance portfolio returns through disciplined use of equity derivatives across individual stocks and indices. The role combines fundamental investing with derivatives expertise to identify high-conviction, delta-based opportunities, generate incremental yield, improve capital efficiency, and manage portfolio risk. Beyond executing existing strategies, the successful candidate will continuously research, develop, and implement innovative derivatives strategies that create sustainable alpha while remaining aligned with our long‑term investment philosophy.

Key Responsibilities:

• Research and propose innovative delta-based strategies that generate incremental returns across varying market environments.
• Execute and actively manage covered call strategies on existing portfolio holdings to generate consistent premium income.
• Identify opportunities to write cash‑secured puts on fundamentally attractive businesses where we are comfortable owning the underlying if assigned.
• Continuously source stock‑specific and index‑level derivatives opportunities based on valuation, market structure, volatility, macro events, and positioning.
• Identify periods where implied volatility materially diverges from expected realized volatility and recommend strategies to monetize these dislocations.
• Back‑test and evaluate new derivatives strategies before implementation.
• Develop and recommend new portfolio enhancement strategies, including:
• Buy futures / sell covered calls (capital‑efficient equity replacement)
• Collar strategies
• Protective hedges
• Synthetic long and short positions
• Event‑driven option strategies around earnings, corporate actions, MSCI rebalances, and special situations
• Dispersion and relative‑value opportunities where appropriate Volatility harvesting strategies

Qualifications:

• Education: Bachelor’s degree in Finance, Economics, Business Administration, or a related field. Professional qualifications such as CA, CFA, or CMT are preferred.
• Experience: 7 – 15 years of experience trading or managing equity derivatives in Indian markets.

Skills:

• Demonstrated ability to generate alpha through options and futures strategies rather than simply executing client orders.
• Strong understanding of option pricing.
• Experience developing, back‑testing, and implementing new derivatives strategies.
• Solid understanding of equity valuation and company fundamentals, with the ability to integrate investment research into derivatives decisions.

Attributes:

• Strong interest in financial markets and investing.
• Ability to work both independently and as part of a team.
• High level of integrity and ethical standards.