Options Trader

Eclipse Trading; Chicago (IL); On-site; USD 120,000 - 190,000; Full time

Benefits offered by this job

Dynamic and collaborative work environment

Mentorship and training opportunities

Work life balance

Attractive benefits package with discretionary bonus

Job summary

A leading proprietary trading firm is seeking an Options Trader in Chicago to manage options trading strategies and collaborate with researchers and technologists. Candidates should have a Bachelor's degree and at least 2 years of experience in US index and equity options. The role offers a dynamic environment with mentorship opportunities and an attractive benefits package.

Qualifications

• 2+ years of US index and equity options experience.
• Proven track record of profitability and consistent trading performance.
• Deep understanding of the US equity option markets.
• Proficiency in Python and trading-focused tooling.

Responsibilities

• Manage and execute options trading strategies.
• Responsible for the risk management of the portfolio.
• Identify trading opportunities and analyze data.
• Collaborate with quants and developers to optimize strategies and alphas.
• Work with traders, quants, and support staff to improve trading infrastructure.

Skills

Options pricing models

Volatility analysis

Analytical skills

Problem-solving skills

Python coding

Communication skills

Collaboration skills

Education

Bachelor's degree in finance, economics, mathematics, or related field

Job description

Options Trader

Eclipse Trading is a leading proprietary derivatives trading firm. Founded in 2007, we have over 120 employees across four office locations – Hong Kong (our HQ), Sydney, Shanghai and Chicago. Our trading expertise and strategies are deployed across several markets globally, focusing on various products including equity derivatives, delta one, ETFs, commodity derivatives, and cryptocurrency. Technology is inextricably linked to our trading strategies, creating an environment powered by intellectual curiosity, problem solving, and innovation.

We are actively seeking an Options Trader to join our growing US equity volatility trading team in Chicago. You will play a key role in managing and improving our US systematic and positional options trading strategies. You will also collaborate extensively with our quantitative researchers and technologist to drive our trading system forward and unlock trading opportunities.

Responsibilities and Duties

• Manage and execute multiple options trading strategies, systematic market making and positional strategies
• Responsible for the risk management of the portfolio
• Identify trading opportunities and develop trading metrics based on proprietary research and data analysis
• Collaborate with other traders and quantitative researchers to optimise existing strategies and explore new alphas
• Work closely with the quants, developers, and support staff to continuously improve our trading infrastructure system

Qualifications

• Bachelor's degree in finance, economics, mathematics, or a related field
• 2+ years of US index and equity options experience
• Proven track record of profitability and consistent trading performance
• Deep understanding of the US equity option markets and the trading opportunities
• Strong knowledge of options pricing models and volatility analysis
• Excellent analytical and problem‑solving skills, with the ability to make informed trading decisions
• Ability to thrive and make decisions in a fast‑paced trading environment and handle pressure effectively
• Strong communication and collaboration skills
• Good command of spoken and written English
• Strong proficiency in coding with Python

Benefits

• Dynamic and collaborative work environment
• Opportunity to contribute directly to the bottom line
• Mentorship and training opportunities
• A flat management structure, where everyone's voice is valued
• Work life balance within a multi‑cultural environment
• Attractive benefits package with discretionary bonus

Eclipse Trading is an equal opportunity employer and we believe that diversity and inclusion are essential pillars of our success as a company. We are dedicated to embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential.

All information provided will be treated in strict confidence and used solely for recruitment purposes.