Senior US Index Options Trader

Edgehog Trading; Chicago (IL); On-site; USD 150,000 - 175,000; Full time

Benefits offered by this job

Comprehensive health, dental, and visi

401(k) with 4% company match

Unlimited paid time off

Free lunch, coffee, drinks, and snacks

Commuter benefits

Monthly happy hours and annual team

Job summary

Edgehog Trading, a Chicago-based proprietary trading firm, seeks a quantitative trader to proactively manage SPX index options pricing and positions. The role focuses on designing and optimizing systematic options trading strategies using quantitative research and machine learning, building production-ready models, and collaborating with researchers and engineers.

You will analyze market microstructure, generate alpha signals, and manage real-time risk across a diversified options portfolio,

Qualifications

• 3+ years of index options market making trading experience.
• Strong quantitative and analytical capabilities.
• Degree in CS, data science, engineering, math, economics, finance, physics, or related field.

Responsibilities

• Proactively manage pricing and positions for the SPX Index options market making desk
• 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

Skills

3+ years trading experience

Quantitative skills

Attention to detail

Operational excellence

Education

Bachelor's degree in CS/Data Science/Engineering/Math/Economics/Finance/Physics or related field

Tools

Python programming

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.

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

• Proactively manage pricing and positions for the SPX Index options market making desk
• 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 (3+ years) with a proven track record of success managing an index options market making book
• 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
• Python programming skills are a plus, but not required

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 range for this position is listed below. 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. The base salary for this role is 150,000 - 175,000 USD per year