Quantitative Options Trader

Edgehog Trading; Chicago (IL); On-site; USD 135,000 - 165,000; Full time

Benefits offered by this job

Comprehensive health insurance

401(k) with company match

Unlimited paid time off

Free lunch and snacks

Commuter benefits

Job summary

Edgehog Trading, based in Chicago, seeks a trader to design and optimize systematic options trading strategies. The ideal candidate will have experience in managing an options market making book and exceptional quantitative skills.

In this role, you'll work in a collaborative environment, contributing to the firm's growth with hands-on access to impactful projects from day one. Benefits include comprehensive health insurance, 401(k) match, and unlimited paid time off, making this a compelling opportunity for motivated professionals.

Qualifications

• Previous experience trading with a track record in options market making.
• Ability to manage and improve automated trading systems.
• Strong quantitative and analytical skills.

Responsibilities

• Design and optimize systematic options trading strategies.
• Build algorithmic options trading models.
• Analyze market microstructure to improve strategy performance.
• Collaborate with teams to develop new models.
• Manage real-time risk across a portfolio.

Skills

Options trading experience

Quantitative and analytical skills

Python programming

Attention to detail

Education

BA/BS/MS/PhD in relevant fields

Job description

About Us

Edgehog Trading is a proprietary trading firm specializing in electronic options market making. We take a technology-driven approach, designing and operating automated, scalable systems to provide liquidity across markets.

Our team spans trading, engineering, and business operations, working together to build and support the systems that power the firm. We emphasize data-driven decision making, rigorous problem solving, and continuous improvement to navigate complex and evolving markets.

We operate in a highly collaborative environment where ideas can move quickly from concept to implementation, and where individuals are empowered to take ownership and contribute directly to the firm’s growth.

What You’ll Do

• Design and optimize systematic options trading strategies using quantitative research and machine learning techniques
• Build and refine algorithmic options trading models from ideation through production deployment
• Analyze market microstructure and execution quality to generate alpha signals and improve strategy performance
• Collaborate with quant researchers and engineers to develop new models using our proprietary datasets
• Manage real-time risk across a diversified portfolio of options positions

Qualifications And Skills

• Previous experience trading (1-4 years) with a proven track record of success managing an options market making book and maintaining/improving automated trading systems
• BA/BS/MS/PhD degree in Computer Science, Data Science, Engineering, Math, Economics, Finance, Physics, or related field
• Exceptional attention to detail
• Excellent quantitative and analytical skills
• Ability to take on many responsibilities quickly with a high degree of operational excellence
• Strong Python programming skills

Why Edgehog

• Small team advantage: Direct access to founders and senior team members from day one
• Ownership early: Manage real P&L and make meaningful impact within your first year
• Cutting-edge tech: Work with our proprietary models and low‑latency trading systems built in-house
• Tight feedback loops: Monthly 1‑on‑1s with your mentor, quarterly reviews with leadership
• Chicago‑based: Affordable cost of living, vibrant trading community

Benefits

• Comprehensive health, dental, and vision insurance with premiums 100% covered by the firm
• 401(k) with a 4% company match
• Unlimited paid time off and sick leave
• Free lunch, coffee, drinks, and snacks
• Commuter benefits
• Monthly happy hours and annual team events

The base salary for this role is 150,000 USD per year. Base salary represents just one part of overall compensation; all full‑time, permanent roles are eligible for a discretionary bonus and benefits, including items in the above list.