US Index Options Trader - Dynamic & Collaborative

P2P; Chicago (IL); On-site; USD 250,000 - 300,000; Full time

Benefits offered by this job

Group medical

Pharmacy

Dental and vision insurance

401k with discretionary employer match

Disability insurance

Life and AD&D insurance

Health savings accounts

Flexible spending accounts

Job summary

DRW is seeking a US Equity Index Trader to join our US Options Trading team in Chicago. The role involves actively trading US index and equity options, managing positions and risk, and partnering with risk management, researchers and developers to improve trading stability and performance.

You will analyze market flows, volatility, and microstructure, refine pricing and execution, and conduct post-trade analysis to drive improvements in trading strategies and tools.

Qualifications

• Experience as an Index Options Trader with exposure to US markets or similar equity derivatives.
• Strong track record of trading performance and disciplined risk management.
• Deep understanding of options theory, volatility, and market microstructure.
• Comfortable trading both systematic and discretionary when required.
• Calm under pressure, with the ability to diagnose and act on trading problems.
• Strong analytics, detail-oriented, and proactive in identifying improvements.
• Strong communicator who thrives in a collaborative, team-based environment.
• Passionate about markets with a drive to learn and improve.

Responsibilities

• Actively trade US index and equity options, managing positions and risk.
• Analyze market flows, volatility, and microstructure to identify and capture trading opportunities.
• Refine pricing, execution, and risk management approaches to improve trading performance.
• Conduct post-trade analysis to evaluate decisions and drive systematic improvements.
• Contribute to the development of tools, monitoring, and processes that enhance trading stability and scalability.
• Partner closely with risk management, researchers and developers during live trading and high-pressure situations.

Skills

Index Options Trading

Risk Management

Options Theory

Systematic Trading

Discretionary Trading

Analytical Thinking

Communication

Job description

DRW is seeking a US Equity Index Trader to join our US Options Trading team in Chicago. The role involves actively trading US index and equity options, managing positions and risk, and partnering with risk management, researchers and developers to improve trading stability and performance.

You will analyze market flows, volatility, and microstructure, refine pricing and execution, and conduct post-trade analysis to drive improvements in trading strategies and tools.