Senior Research Analyst, Volatility Trading

PEAK6; New York (NY); Hybrid; USD 159,000 - 198,000; Full time

Benefits offered by this job

Healthcare benefits

Generous PTO

401k match

Parental leave

HSA contribution match

Calm app subscription

Tuition reimbursement

Job summary

PEAK6 Capital Management is seeking a seasoned Senior Research Analyst to originate high-conviction ideas for the CapMan Research desk in New York City. You will own your sector coverage from idea generation and research through to pitching to portfolio managers and traders, helping structure trades that express your view.

You will operate with autonomy across multiple teams, leveraging data-driven signals and AI-enabled tooling to inform trading decisions and enhance alpha generation.

Qualifications

• Deep sector expertise within assigned coverage area.
• 7+ years proven, accomplished coverage in your space (TMT preferred; flexible).
• Buy-side, alpha-minded with track record of generating differentiated ideas.
• End-to-end coverage from thesis to sizing, structuring and lifecycle management.
• Strong modeling, quantitative judgment, and ability to synthesize incomplete information.

Responsibilities

• Own your sector coverage end-to-end.
• Be the desk's go-to expert within your sector from thesis to trade lifecycle.
• Translate fundamentals into a distribution of outcomes, not just a price target.
• Forecast first-, second-, and third-order contingent events around catalysts.
• Collaborate with traders to structure best options expressions.
• Monitor positions through lifecycle including post-event reviews.
• Pitch differentiated, non-consensus ideas to PMs and traders.
• Conduct primary work via management meetings, conferences, calls, and channel checks.

Skills

Sector expertise

7+ years coverage

Buy-side

End-to-end coverage

Modeling & statistics

Communication

AI fluency

Options experience

Job description

WHO WE ARE

PEAK6 Capital Management is a proprietary options trading firm that has been defining the industry for more than 25 years. While many firms have come and gone, PEAK6 Capital Management has consistently delivered liquidity to the options market. We thrive due to our firm’s special blend of financial acumen, ability to manage risk, and cutting-edge technology. Our success is driven by our team of technologists, engineers, and traders who leverage proprietary tech and a data-centric approach to maintain inventory and stay ahead of the markets, so customers can, too.

ABOUT THIS ROLE

We are seeking a seasoned, alpha-minded Senior Research Analyst who originates differentiated, high-conviction ideas to join our growing trading desk. CapMan Research excels in combining quantitative and fundamental analysis to inform trading decisions, translating complex qualitative and quantitative information into a full distribution of outcomes around the catalysts and themes that move a name. As a Senior Analyst, you will own your coverage, from idea generation and variant-view research to pitching differentiated ideas directly to portfolio managers and traders and helping structure the trades that express them. This role carries real autonomy across many independent teams rather than a single book, with the room to run risk over time. This role is ideal for a seasoned analyst who wants to express fundamental edge through options/volatility. This role is based out of our New York City office.

Responsibilities

• Own your sector coverage end-to-end.
• Become the desk's go-to expert within your sector, the expectation will be to carry your coverage from thesis formation through the trade lifecycle.
• Translate fundamentals into a distribution of outcomes, not a price target.
• Forecast the first, second, and third-order contingent events of a name's price distribution around idiosyncratic, sector, and thematic catalysts.
• Work with traders to structure the best options expression.
• Monitor the position through its lifecycle, including post-event review.
• Pitch differentiated, offensive ideas.
• Bring creative, non-consensus theses to PMs and traders: articulate what consensus believes, why it's wrong, the catalyst path, and what kills the trade.
• Do primary work. Management meetings, industry conferences, expert calls, and channel checks, plus turning unstructured and alternative data into tradable signal.

Experience

• Deep sector expertise.
• 7+ years of proven, accomplished coverage in your space (TMT preferred, flexible).
• Buy-side, alpha-minded.
• Prior prop trading, hedge fund, market-maker, or long-short experience strongly preferred; a track record of generating and monetizing differentiated ideas.
• End-to-end coverage.
• You have a strong track record of providing research coverage on trades from thesis formation through sizing, structuring, and lifecycle management, not just published research.
• Strong modeling and quantitative judgment. Financial modeling, valuation, descriptive statistics, and comfort in synthesizing incomplete information.
• Communication. Clear, concise written and verbal communication; confident in succinctly pitching to PMs and traders; relationship-building as a strength.
• AI fluency – preferred. Claude Code/multi-agent (or similar) research tooling and data analysis; ability to work with unstructured datasets and contribute to the development of AI-driven research systems.
• Options experience — preferred. Demonstrated understanding of options pricing and greeks preferred; ability to express a fundamental view with definition of magnitude of move and timing.

Rewards

• Healthcare benefits (medical, dental and vision, EAP)
• Competitive PTO
• 401k match
• Parental leave
• HSA contribution match
• Paid subscription to the Calm app
• Generous external learning and tuition reimbursement benefits

As a hybrid workforce, we offer our employees the ability to work remotely up to two days a week.

Base Salary Range $158,620-$198,275

PEAK6 is proud to be an equal opportunity employer that does not discriminate on the basis of race, color, religion, sex (including pregnancy, sexual orientation, and gender identity), national origin, age, disability, veteran status, marital status, or any other protected characteristic. Our hiring practices ensure that all qualified applicants receive fair consideration without regard to these characteristics. PEAK6 is committed to creating an inclusive and accessible workplace for all candidates, including those with disabilities. We are dedicated to ensuring equal employment opportunities and providing reasonable accommodations to qualified individuals with disabilities. If you require reasonable accommodations to participate in the application or interview process, please contact our HR department at [e-mail]. We will work with you to provide the necessary accommodations to ensure your full participation in our hiring process.

Application data may be reviewed, including through automated tools, for security and fraud-prevention purposes. This review is conducted by our information security team and is separate from hiring decisions.

Headquartered in the Chicago Board of Trade Building, PEAK6 is not your typical investment firm. While trading got us our start and still powers our center, we quickly realized that our vision was to embrace and empower today’s consumer through technology, simplifying processes, improving performance and creating new wealth.