Index Options Volatility Trader

ittihad medical centre; Chicago (IL); On-site; USD 225,000 - 275,000; Full time

Benefits offered by this job

Discretionary bonus

Paid leave

Insurance benefits

Job summary

ittihad medical centre is looking for an experienced index options trader in Chicago, Illinois. You will maximize revenue by capitalizing on short-term mispricings and monitor flow patterns in the market.

Ideal candidates will have a strong analytical mindset, 2+ years in volatility trading, and a relevant degree. The role offers a base salary of $250,000 along with bonuses and benefits.

Qualifications

• 2+ years of index options volatility trading experience.
• Strong knowledge of repetitive market flows.
• Passionate about understanding volatility dynamics.

Responsibilities

• Maximize revenue by identifying mispricings in index options.
• Collaborate with traders to manage risks.
• Analyze results with research and quant teams.

Skills

Index options volatility trading experience

Analytical skills

Understanding of volatility dynamics

Competitive mindset

Education

BS, MS, or PhD in business, economics, or STEM

Job description

Our Index Options desk focuses on monetizing flow and capitalizing on short-term mispricings. We are a highly collaborative group that combines strong market intuition with analytical rigor, working closely with dedicated quants and researchers to sharpen our edge. Together, we strive to develop deep expertise, ownership, and innovation in understanding counterparty behavior, flow dynamics, and volatility pricing.

Your Core Responsibilities

• Maximize revenue by identifying and capitalizing on short-term mispricings in index options
• Monitor and react to flow patterns, volatility shifts, and liquidity changes across index products
• Collaborate with traders to manage the risk of a large book as a team
• Work closely with our best-in-class research and quant teams to analyze results and improve your approach
• Identify and analyze counterparty behavior and repetitive flow patterns to inform positioning and execution
• Provide feedback to enhance pricing models, risk systems, and execution toolsPerform post-trade reviews to continuously improve execution and hedging
• Take on significant responsibility and ownership early in your time here to help drive strategies forward and succeed

Your Skills and Experience

• 2+ years of index options volatility trading experience
• BS, MS, or PhD, preferably in business, economics, or a STEM field
• Ability to identify flow patterns and describe them analytically, with strong knowledge of repetitive market flows
• Passionate about understanding volatility dynamics and willing to act quickly on your views to capture market opportunities
• Entrepreneurial mindset with a healthy risk appetite; competitive by nature and a fast decision-maker
• Analytical, reflective about past trades, and always seeking to improve

The Base Salary range for the role is included below. Base salary is only one component of total compensation; all full-time, permanent positions are eligible for a discretionary bonus and benefits, including paid leave and insurance.

Salary Range

$250,000 — $250,000 USD