Options Specialist and Equity Trader

Allworth Airline Advisors (Formerly RAA); Indianapolis (IN); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401K contributions

Paid time off

Holidays

Job summary

Allworth Financial is seeking an experienced Options and Equity Trader to structure, execute, and monitor a broad set of options strategies, while explaining the rationale and risk to advisors and clients.

The role splits roughly 75% options management and 25% equity trading, with responsibilities for detailed record-keeping, model maintenance, and cross-training within a small team. A relevant finance degree and Series 65 are preferred. This is a full-time on-site position in Indianapolis.

Qualifications

• Three to seven years of experience with options strategies including equity, index, or derivatives.
• Ability to explain options strategies and their risk/reward clearly to a non-technical audience.
• Familiarity with multi-leg strategies and mechanics of exercise, assignment, settlement.
• Strong communication and collaboration within a small, cross-trained team.
• Advanced Excel skills and attention to detail.
• Bachelor’s degree in finance, economics, accounting, mathematics, or related field or equivalent work experience.

Responsibilities

• Structure, execute, and monitor a range of options strategies (covered calls, puts, collars, spreads).
• Explain strategy rationale, mechanics, and risk/reward in plain language to advisors and clients.
• Maintain detailed trade and position records and supporting models in Excel.
• Confirm account-level eligibility prior to trading (approval level, account type, restrictions).
• Monitor positions and adjust/roll strategies as conditions warrant; identify opportunities to bring execution in-house.
• Execute account-level rebalancing and approve tactical rebalances in the portfolio management system.
• Maintain trading notes, restrictions, and goals; onboard accounts into flexible models with tax budgets and cash targets.

Skills

Options strategies

Explain strategy & risk

Multi-leg strategies

Independent work

Excel skills

Communication skills

Education

Bachelor's degree in finance or related

Tools

Excel

Trading platform

Job description

Summary

This role has two functions: options management and equity trading. This person will be responsible for structuring, executing, and monitoring the firm's options strategies. Additionally, they will explain strategy rationale and risk and reward in plain language to advisors and clients, maintain accurate position records and supporting models, and cross-train with the team to provide depth and continuity across the organization.

This person's equity trading role includes being part of Allworth's in-house equity team and will have discretion and decision-making authority related to trading and rebalancing modeled client portfolios. This involves exercising judgment on tax-aware gain and loss realization, cash deployment, and position trimming, within the equity team's framework.

Duties And Responsibilities

Options Management (approximately 75%)

• Understand, structure, and execute a range of options strategies, including covered calls, protective puts, collars, and spreads, in line with firm objectives and risk parameters.


• Monitor open positions and adjust or roll strategies as market conditions, expirations, and assignment risk warrant, applying working knowledge of options mechanics.


• Explain strategy rationale, mechanics, and risk and reward in plain language to advisors and clients.


• Maintain detailed and accurate trade records, position records, and supporting models in Excel.


• Confirm account-level eligibility prior to trading, including account type, option approval level, and any restrictions applicable to the underlying position.


• Identify opportunities to bring additional options execution in-house and expand the team's strategy toolkit.

Equity Trading and Portfolio Implementation (approximately 25%)

• Execute account-level rebalancing to target models, exercising judgment on tax-aware gain and loss realization and position trimming.


• Determine the best place to invest or raise cash according to the model, considering factors such as sector allocation and security selection.


• Review and approve tactical rebalances in the firm's portfolio management and rebalancing platform, supplementing with manual analysis where system logic falls short.


• Maintain account-level trading notes, restrictions, and goals with a high level of accuracy.


• Support onboarding of new accounts into flexible models, including documentation of tax budgets, restrictions, exclusions, and cash targets.

Qualifications

• Three to seven years of experience with options strategies, including equity, index, or related derivatives.


• Ability to explain options strategies and their risk and reward clearly to a non-technical audience.


• Familiarity with multi-leg strategies such as collars, protective puts, and put spreads, and with the mechanics of exercise, assignment, and settlement.


• Ability to manage multiple concurrent priorities against expiration-driven and market-hours deadlines.


• Able to demonstrate judgment in trade decision-making, beyond order entry or rules-based execution.


• Understanding of tax-aware trading considerations, including gain and loss realization, cost basis, and wash sales.


• Ability to work independently while operating within team governance.


• Strong communication and collaboration skills, and comfortable working as part of a small, cross-trained team.


• Advanced Excel skills and strong attention to detail.


• Bachelor's degree in finance, economics, accounting, mathematics, or a related field, or equivalent work experience.


• Series 65 or equivalent licensing preferred, or the ability to obtain it.

Benefits

We value our associates' time and effort. Our commitment to your success is enhanced by our competitive base pay and an extensive benefits package, including:

• Medical: Blue Shield (PPOs and HDHP with HSA) plans and Kaiser (HMO) plans for California associates


• Dental insurance with MetLife


• Vision insurance with VSP


• Optional supplemental benefits


• Healthcare savings accounts with company contribution


• Flexible spending accounts


• Flexible working arrangements


• Generous 401K contributions


• Exempt associates qualify for our flexible paid time off policy


• Non-Exempt associates will receive 15 days of paid time off annually during the first three years of employment


• 11 Paid Holidays


• Option to participate in our Equity Purchase Program (Contract, intern, and part-time employees are not eligible)


• Future growth opportunities within the company

In addition, we work to maintain the best possible environment for our associates, where people can learn and grow with the firm. We strive to provide a collaborative, creative environment where each person feels encouraged to contribute to our processes, decisions, planning and culture.

Benefits are available to full-time associates who work more than 30 hours a week.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. Typical reporting relationships are described, but actual relationships may vary in some instances. This job description is not intended to be an exhaustive list of all responsibilities, duties, skills, or knowledge required of personnel classified in this job.

Allworth Financial participates in E-Verify. Click here for more information.

California residents, click here for our privacy policy.