About this opportunity
Trading Interview lists this Systematic Equity Options Trader opportunity in chicago, Illinois. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Old Mission is a global proprietary trading firm that leverages state-of-the-art technology and research to identify and execute profitable trading strategies across multiple asset classes around the world. Our offices in Chicago, New York, and London are all composed of naturally-curious individuals who thrive in a team environment and constantly strive for improvement.
Old Mission does not seek capital from outside investors, allowing us the flexibility to aggressively invest in our team members and keep them engaged in the firm’s growth.
Old Mission is seeking a Systematic Equity Options Trader to join our growing options trading desk in our Chicago HQ. This Equity Options trader will be responsible for developing, implementing, and managing systematic trading strategies across equity options markets. This Equity Options Trader will work closely with our quantitative research and technology teams to develop systematic approaches that capitalize on market inefficiencies while effectively managing risk.
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
Required Qualifications
Bachelor's degree in Mathematics, Statistics, Computer Science, Physics, Engineering, or related quantitative field; advanced degree preferred
4+ years of experience in systematic options trading, quantitative trading, or quantitative research
Strong understanding of options pricing theory, Greeks, and volatility dynamics
Proficiency in Python or C++ is a prerequisite
Experience with statistical analysis, machine learning, and quantitative modeling techniques
Must have a strong understanding of the market microstructure and execution algorithms
Excellent analytical and problem-solving skills
Ability to work effectively in a fast-paced, collaborative environment
Preferred Qualifications
Experience trading equity options or volatility products systematically
Knowledge of order book dynamics and high-frequency trading concepts
Familiarity with real-time data processing and low-latency systems
Track record of developing profitable quantitative trading strategies
Base Salary Range
$170,000 - $250,000 - Salaries are based on numerous factors such as skills, experience, and education. Our compensation package also includes a discretionary bonus and a comprehensive benefits program for full-time employees.
Old Mission is not accepting unsolicited resumes from any staffing/search firms. All resumes submitted by staffing/search firms to any employee at Old Mission via-email, the Internet or directly without a valid signed search agreement will be deemed the sole property of Old Mission, and no fee will be paid in the event the candidate is hired by Old Mission.
This description was published by Old Mission Capital. Applications are handled on their careers site: we are not the employer and cannot process them.
Old Mission Capital is a quantitative market-making firm founded in 2008. It prices "thousands of financial instruments globally" and has "traded trillions of dollars of securities using proprietary systems and…
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Worksite address
chicago, IL, 60290, US
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.