Quantitative Equity Options Trader

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

Job summary

Old Mission, a global proprietary trading firm with Chicago HQ, seeks a Systematic Equity Options Trader to join its growing desk. You will design, implement, and manage systematic trading strategies across equity options and collaborate with quantitative research and technology teams.

The role emphasizes pricing models, risk management, and execution quality, with a focus on scalable infrastructure and post-trade analysis.

Qualifications

• Bachelor's degree in a quantitative field; advanced degree preferred.
• 4+ years of systematic options trading experience.
• Proficiency in Python or C++.
• Strong understanding of options pricing, Greeks, and volatility dynamics.
• Experience with statistical analysis, machine learning, and quantitative modeling techniques.

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, identifying opportunities for enhancement and 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

Quantitative analysis

Analytical skills

Team collaboration

Problem solving

Education

Bachelor's degree in quantitative field

Advanced degree preferred

Tools

Python

C++

Job description

Old Mission, a global proprietary trading firm with Chicago HQ, seeks a Systematic Equity Options Trader to join its growing desk. You will design, implement, and manage systematic trading strategies across equity options and collaborate with quantitative research and technology teams.

The role emphasizes pricing models, risk management, and execution quality, with a focus on scalable infrastructure and post-trade analysis.