Equity Options Quant Trader – Systematic Strategies

Trading Interview; Chicago (IL); On-site; USD 170,000 - 250,000; Full time

Benefits offered by this job

Discretionary bonus

Comprehensive benefits

Job summary

Old Mission is seeking a Systematic Equity Options Trader to join our Chicago HQ. You will design, implement, and manage systematic trading strategies across equity options, working closely with quantitative research and technology teams to capitalize on market inefficiencies while controlling risk.

This role demands strong knowledge of options pricing, Greeks, volatility dynamics, and programming in Python or C++.

Qualifications

• Bachelor's degree in Mathematics, Statistics, Computer Science, Physics, Engineering, or related quantitative field.
• 4+ years of experience in systematic options trading, quantitative trading, or quantitative research.
• Strong understanding of options pricing theory, Greeks, and volatility dynamics.
• Proficiency in Python or C++ is a prerequisite.
• Experience with statistical analysis, machine learning, and quantitative modeling techniques.
• Must have a strong understanding of the market microstructure and execution algorithms.
• Excellent analytical and problem-solving skills.
• Ability to work effectively in a fast-paced, collaborative environment.

Responsibilities

• Design and implement systematic trading strategies for equity options, including single-name options, index options, and volatility products
• Build and maintain quantitative models for options pricing, volatility forecasting, and risk management
• Monitor and optimize existing strategies and identify opportunities for improvement
• Collaborate with quantitative researchers to translate research insights into production trading strategies
• Manage portfolio risk through systematic hedging and position management
• Analyze market microstructure and develop strategies to optimize execution quality
• Work with technology teams to build robust, scalable trading infrastructure
• Conduct post-trade analysis to evaluate strategy performance and identify areas for improvement

Skills

Options pricing theory

Greeks

Volatility dynamics

Python or C++

Statistics & ML

Quant modeling

Market microstructure

Analytical skills

Team collaboration

Education

Bachelor's degree in Mathematics/Statistics/CS/Physics/Engineering

Advanced degree preferred

Tools

Python

C++

Machine Learning

Job description

Old Mission is seeking a Systematic Equity Options Trader to join our Chicago HQ. You will design, implement, and manage systematic trading strategies across equity options, working closely with quantitative research and technology teams to capitalize on market inefficiencies while controlling risk.

This role demands strong knowledge of options pricing, Greeks, volatility dynamics, and programming in Python or C++.