Senior Block Options Trader

Global Trading Systems; New York (NY); Hybrid; USD 225,000 - 325,000; Full time

Benefits offered by this job

Medical, Dental and Vision coverage

401k match

Daily Meal Allowance

Equinox Corporate Membership Rate

Snacks

Office Game Room

Casual Dress

Job summary

Global Trading Systems seeks an experienced Block Options Trader to build and grow a block-options trading capability within our Wholesale Market Making business. The role provides liquidity and risk-transfer solutions to institutional, broker-dealer and wealth-management counterparties across single-name and ETF options.

This is a risk-taking and franchise-building role, not merely an execution position. The trader will price, facilitate and execute large and complex transactions, manage

Qualifications

• Deep expertise in listed-options pricing, volatility, skew, term structure and Greeks.
• Demonstrated experience pricing complex transactions and managing meaningful options risk.
• Strong knowledge of single-stock and ETF options markets, including exchange crossing, facilitation, auction and price-improvement mechanisms.

Responsibilities

• Price, facilitate and execute large and complex single-name and ETF options transactions - including blocks, multi-leg strategies, collars, covered calls, overwrites, spreads and stock-option packages.
• Provide competitive markets for institutional inquiries and make disciplined decisions around pricing, risk, execution strategy and capital commitment.
• Assume and actively manage options risk across delta, gamma, vega, theta, skew and correlation, incorporating event, earnings, dividend, borrow and liquidity considerations.
• Design and execute hedging strategies using equities, ETFs and options while managing positions within established firm risk and capital limits.
• Build relationships with institutional, broker-dealer and wealth-management options desks and become a reliable liquidity provider for complex, difficult or size-sensitive transactions.
• Partner with Wholesale Market Making sales and coverage teams to grow client flow, improve win rates and expand wallet share.
• Help shape the block-options business strategy including target products, counterparties, risk appetite, capital deployment and exchange/execution workflow.
• Partner with quantitative and technology teams to strengthen volatility surfaces, theoretical pricing, execution, hedging and risk-management capabilities.
• Work across Risk, Compliance, Legal and Operations to support a scalable business operating within applicable regulatory and exchange requirements.
• Measure business performance across client inquiries, response and win rates, volumes, spread capture, hedging costs, P&L and return on capital.

Skills

Options pricing

Volatility

Skew

Greeks

Quantitative judgment

Commercial mindset

Job description

Overview

GTS is seeking an experienced Block Options Trader to help build and grow a block-options trading capability within our Wholesale Market Making business. The role will provide liquidity and risk-transfer solutions to institutional, broker-dealer and wealth-management counterparties across single-name and ETF options. This is a risk-taking and franchise-building role, not simply an execution position. The trader will price, facilitate and execute large and complex transactions, commit capital where appropriate, manage the resulting volatility and directional risk, and help establish GTS as a trusted liquidity provider for difficult or capital-intensive options flow.

Responsibilities

• Price, facilitate and execute large and complex single-name and ETF options transactions - including blocks, multi-leg strategies, collars, covered calls, overwrites, spreads and stock-option packages, using the appropriate exchange, auction and crossing mechanisms.
• Provide competitive markets for institutional inquiries - and make disciplined decisions around pricing, risk, execution strategy and capital commitment.
• Assume and actively manage options risk - across delta, gamma, vega, theta, skew and correlation, incorporating event, earnings, dividend, borrow and liquidity considerations.
• Design and execute hedging strategies - using equities, ETFs and options while managing positions within established firm risk and capital limits.
• Build relationships with institutional, broker-dealer and wealth-management options desks - and become a reliable liquidity provider for complex, difficult or size-sensitive transactions.
• Partner with Wholesale Market Making sales and coverage teams - to grow client flow, improve win rates and expand wallet share.
• Help shape the block-options business strategy - including target products, counterparties, risk appetite, capital deployment and exchange/execution workflow.
• Partner with quantitative and technology teams - to strengthen volatility surfaces, theoretical pricing, execution, hedging and risk-management capabilities.
• Work across Risk, Compliance, Legal and Operations - to support a scalable business operating within applicable regulatory and exchange requirements.
• Measure business performance - across client inquiries, response and win rates, volumes, spread capture, hedging costs, P&L and return on capital.

Qualifications

The ideal candidate will have 5-10+ years of professional listed-options trading experience, preferably with a leading options market maker, bank, broker-dealer, institutional liquidity provider or high-touch options execution/facilitation business.

• Deep expertise in listed-options pricing, volatility, skew, term structure and Greeks.
• Demonstrated experience pricing complex transactions and managing meaningful options risk.
• Strong knowledge of single-stock and ETF options markets, including exchange crossing, facilitation, auction and price-improvement mechanisms.
• Strong quantitative judgment and the ability to make rapid risk and capital decisions with incomplete information.
• Commercial mindset and credibility with sophisticated institutional counterparties.
• Ability to partner effectively across trading, sales, quantitative, technology and risk teams.
• Existing relationships with wirehouse, wealth-management, institutional or broker-dealer options desks are highly desirable.

Please note: The use of AI tools during interviews isstrictly prohibited, unless explicitly agreed upon.

In accordance with New York City's Pay Transparency Law, the base salary range for this role is $225,000 to $325,000. Base salary does not include other forms of compensation or benefits.

Benefits:

Core Benefits: Medical, Dental, and Vision coverage with generous employer contribution for employees and dependents.401k match.

Perks: Daily Meal Allowance, Equinox Corporate Membership Rate, Snacks, Office Game Room, Casual Dress.

Hybrid Work Policy: 4 Days a Week in office, Fridays can be worked from home.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, or protected veteran status, and will not be discriminated againston the basis ofdisability.

Unsolicited resumes:

We do not accept unsolicitedheadhunterand agency resumes and will not pay fees to any third-party agency or company that does not have a signed agreement with GTS.