Experienced Equity Options Trader

Trading Interview; Chicago, Northern (IL, KY); Hybrid; USD 150,000 - 230,000; Full time

Job summary

Belvedere Trading is a leading proprietary trading firm based in Chicago seeking an Experienced EquityOptions Trader to own strategy, risk, and performance across Equity options groups. You’ll work with traders and technologists to advance trading systems and stay ahead in a fast-paced market.

You’ll bring a strong market intuition, a quantitative mindset, and a team-first approach to solve complex problems together while focusing on profitability and risk controls.

Qualifications

• 3–7+ years trading single-stock options, index options, or ETF options, ideally in a market‑making setting.
• Strong track record of generatingPnL, 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 underpressureand 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 related field.

Responsibilities

• Lead options market-making efforts and contribute to profitability.
• Participate in formal education on quantitative concepts to build your trading knowledge.
• Execute trades in a fast-paced environment with precision and profitability.
• Excel in market-making on a collaborative team and provide liquidity across markets while managing risk.
• Design and implement trading strategies with the team.
• Provide analytics & insights to analyze market data and identify trends, mispricing, opportunities.
• Develop tools to analyze opportunities, evaluate risk, and improve options liquidity.
• Collaborate with technologists, quants, and traders to systematize models and strategies.
• Ensure risk management by monitoring and managing positions within risk limits.

Skills

Options trading

PnL generation

Options pricing

Programming: Python/SQL

Decision making

Team communication

Education: quantitative field

Education

Bachelor’s degree or higher in Finance, Economics, Physics, Mathematics, Engineering, Computer Science, or related field

Job description

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 anExperienced EquityOptions Trader,you willjoinourEquityIndexorIndividualEquityOptionsTradingGroups.In this role,you’lltake ownership of strategy, risk, and performance acrossEquityoptionswhile helping shape the future of our trading desk.You’llbring 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 inoptionsmarket-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 inhighly liquidnames.
• Provide analytics & insights to analyze market data toidentifytrends, mispricing, and emerging opportunities withinEquity Markets.
• Develop tools to analyze positional opportunities, evaluate risk, and improveoptionsliquidity.
• 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 strongtrack recordof generatingPnL, managing risk, and executing strategies in fast-moving markets.
• Deep understanding of options pricing, volatility dynamics, and market microstructure.
• Proficiencyin 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 underpressureand 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, ora relatedfield.

How We Operate - Core Values

Team Belvedere: Work seamlessly with others to achieve shared goals. Foster a positive and supportive environment that brings out the best in your teammates.

Me in Team: Focus on competing and succeeding at the highest level, constantly striving for excellence.

Own It: Actively address challenges and make decisions that drive positive results, taking ownership of both successes and failures.

Build Rockets: Bring forward bold, creative ideas and solutions. Be open to experimentation and willing to take calculated risks.

Passionate Discourse: Encourage and bring innovative, out-of-the-box ideas to discussions, actively contributing to team growth and progress.

Women and underrepresented groups frequently apply for jobs only if they meet 100% of the qualifications.

Our Stance

Belvedere is an Equal Opportunity Employer and is committed to providing a non-discriminatory employment environment for its employees. Discrimination against employees and applicants due to race, color, religion, sex, national origin, disability, age, military, and veteran status is prohibited. Belvedere encourages initiatives to increase diversity and provide equal opportunity to all applicants and employees. Belvedere is committed to providing a positive environment in which team members are treated with respect, dignity, and courtesy. Our firm believes in a dynamic culture of inclusion and diversity, where people thrive on individual and organizational characteristics, values, experiences, and backgrounds.

Please note that Belvedere Trading does not accept unsolicited resumes from search firms or employment agencies. Any unsolicited resumes will become the property of Team Belvedere. No phone calls, please.

Work Schedule: Regular and reliable attendance during business hours with the ability to be on‑site prior to the start of business on occasion

Physical: Ability to remain at a desk and concentrate for long periods of time

Amount of Travel Required: None

Belvedere Trading is "a leading proprietary trading firm" and options market maker founded in March 2002. It started life making markets in the SPX pit on the floor of the…