Senior Systematic Equity Options Trader

Old Mission; Illinois; On-site; USD 170,000 - 250,000; Full time

Job summary

Old Mission, a global quantitative trading firm, seeks a highly skilled quantitative trader/researcher to design and implement systematic trading strategies for equity options and volatility products. You will build models, validate ideas, and collaborate with researchers to translate insights into production trading systems.

You will monitor risk, optimize execution, and work with tech teams to maintain low-latency infrastructure; a strong background in Python or C++ and a PhD/advanced degree

Qualifications

• Bachelor’s degree in quantitative field; advanced degree preferred.
• 4+ years of systematic options trading or quantitative research.
• Strong understanding of options pricing, Greeks, and volatility.
• Proficiency in Python or C++.
• Experience with statistics, ML, and quantitative modeling.
• Knowledge of market microstructure and execution algorithms.
• Analytical and problem-solving skills; able to work in fast-paced team.
• Experience trading equity options or volatility products is a plus.

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

Quant trading experience

Options pricing & Greeks

Statistical analysis

Machine learning

Quant modeling

Market microstructure

Execution algorithms

Analytical thinking

Problem-solving

Team collaboration

Equity options trading

Volatility trading

Order book dynamics

High-frequency concepts

Real-time data processing

Low-latency systems

Profitability track record

Education

Bachelor's degree in Mathematics, Statistics, Computer Science, Physics, Engineering, or related quantitative field

Tools

Python

C++

Job description

Old Mission, a global quantitative trading firm, seeks a highly skilled quantitative trader/researcher to design and implement systematic trading strategies for equity options and volatility products. You will build models, validate ideas, and collaborate with researchers to translate insights into production trading systems.

You will monitor risk, optimize execution, and work with tech teams to maintain low-latency infrastructure; a strong background in Python or C++ and a PhD/advanced degree