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Option Trader Jobs in Chicago, IL (NOW HIRING)

Eclipse Trading

Options Trader

Chicago, IL · On-site +1

Deep understanding of the US equity option markets and the trading opportunities * Strong knowledge of options pricing models and volatility analysis * Excellent analytical and problem-solving skills ...

Eclipse Trading

Options Trader

Chicago, IL · On-site

Deep understanding of the US equity option markets and the trading opportunities * Strong knowledge of options pricing models and volatility analysis * Excellent analytical and problem-solving skills ...

Trading Interview

Electronic Options Trader

Chicago, IL · On-site

$100 - $150/hr

We are looking for an experienced electronic option trader who enjoys working in a team environment. As part of Wolverine's Option Market Making Desk, you will be managing risk across multiple ...

New

Wolverine

Electronic Options Trader

Chicago, IL · On-site

$100K - $150K/yr

Trading Employment Type: Full Time Location: Chicago, IL Compensation: $100,000 - $150,000 / year ... As part of Wolverine's Option Market Making Desk, you will be managing risk across multiple ...

Wolverine Worldwide

Electronic Options Trader

Chicago, IL · Hybrid

$100K - $150K/yr

We are looking for an experienced electronic option trader who enjoys working in a team environment. As part of Wolverine's Option Market Making Desk, you will be managing risk across multiple ...

Trading Interview

Experienced Options Trader

Chicago, IL · On-site

$131 - $160/hr

What you'll do as an Options Trader at Akuna: We are seeking experienced Options Traders to join our dynamic team at Akuna Capital. The ideal candidate will be a motivated individual with a desire to ...

New

Wolverine

Electronic Options Trader

Chicago, IL · Hybrid

$100K - $150K/yr

As part of Wolverine's Option Market Making Desk, you will be managing risk across multiple ... You will have the opportunity to work with other traders and engineers to improve our risk ...

Old Mission

Systematic Equity Options Trader

Chicago, IL · On-site +1

$170K - $250K/yr

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 ...

Eclipse Trading

Options Trader

Chicago, IL · On-site +1

Deep understanding of the US equity option markets and the trading opportunities * Strong knowledge of options pricing models and volatility analysis * Excellent analytical and problem-solving skills ...

Akuna Capital

Experienced Options Trader

Chicago, IL · On-site

$145K/yr

What you'll do as an Options Trader at Akuna: We are seeking experienced Options Traders to join our dynamic team at Akuna Capital. The ideal candidate will be a motivated individual with a desire to ...

Akuna Capital

Experienced Options Trader

Chicago, IL · On-site +1

$145K/yr

What you'll do as an Options Trader at Akuna: We are seeking experienced Options Traders to join our dynamic team at Akuna Capital. The ideal candidate will be a motivated individual with a desire to ...

Old Mission

Systematic Equity Options Trader

Chicago, IL · On-site

$170K - $250K/yr

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 ...

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Showing results 1-20

All JobsOption Trader JobsOption Trader Jobs in Chicago, IL

Option Trader information

See Chicago, IL salary details

$40.7K

$99.7K

$277.6K

How much do option trader jobs pay per year?

As of Aug 21, 2026, the average yearly pay for option trader in Chicago, IL is $99,691.00, according to ZipRecruiter salary data. Most workers in this role earn between $58,200.00 and $108,700.00 per year, depending on experience, location, and employer.

What does an option trader do?

An option trader is a financial professional who buys and sells options contracts on various assets, such as stocks, commodities, or currencies, in order to profit from price movements. They analyze market trends, assess risk, and use different trading strategies to maximize returns while managing potential losses. Option traders can work independently, for investment firms, or as part of a larger trading desk, and their job often involves quick decision-making and a strong understanding of financial markets.

What are the key skills and qualifications needed to thrive as an option trader?

To thrive as an Option Trader, you need strong quantitative analysis skills, a solid understanding of financial markets, and typically a degree in finance, mathematics, or a related field. Proficiency with trading platforms like Bloomberg Terminal, risk management software, and certifications such as FINRA Series 7 or CFA are often required. Exceptional decision-making, stress management, and clear communication skills set top performers apart in this role. These skills are crucial to making informed, timely trades and managing risk effectively in a highly dynamic and competitive environment.

What are some common challenges option traders face when managing their risk exposure?

Option Traders often encounter challenges in accurately assessing and managing risk due to the complex and dynamic nature of options markets. Market volatility, sudden economic events, and liquidity constraints can quickly impact the value of positions. Successful traders use a combination of quantitative models, hedging strategies, and real-time market analysis to mitigate these risks while maintaining profitability. Collaboration with other traders and risk managers is crucial to ensure a well-balanced portfolio and minimize unexpected losses.

How much do option traders earn?

Option traders' earnings vary widely based on experience, skill, and trading success. Salaries can range from a few thousand dollars per month for beginners to six-figure incomes for experienced traders who consistently generate profits, often supplemented by commissions and bonuses. Many traders also operate independently or work for financial firms, where compensation structures differ.

How to get a job in options trading?

To get a job as an options trader, candidates typically need a strong understanding of financial markets, options strategies, and risk management, often demonstrated through relevant education such as finance or economics degrees. Gaining experience through internships or entry-level trading roles and obtaining certifications like the Series 7 or Series 63 can improve prospects. Proficiency with trading platforms and analytical tools is also important in this field.

Is option trading a good career?

Option trading as a career involves analyzing financial markets, managing risk, and making strategic trades using options contracts. It requires strong analytical skills, knowledge of market behavior, and often a certification or background in finance. Success depends on market conditions, experience, and risk management abilities.

What are popular job titles related to Option Trader jobs in Chicago, IL?

For Option Trader jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Option Trader jobs in Chicago, IL look for?

The top searched job categories for Option Trader jobs in Chicago, IL are:

Option Trader jobs near you
Infographic showing various Option Trader job openings in Chicago, IL as of August 2026, with employment types broken down into 100% Full Time. Highlights an 66% In-person, and 34% Remote job distribution, with an average salary of $99,691 per year, or $47.9 per hour.

Options Trader

Eclipse Trading

Chicago, IL • On-site, Remote

Full-time

Re-posted 6 days ago

Job description

Options Trader

Eclipse Trading is a leading proprietary trading firm. Founded in 2007, we have over 110 employees across 4 office locations – Hong Kong (our HQ), Sydney, Shanghai and Chicago. Our trading expertise and strategies are deployed across several markets globally, focusing on various products including equity derivatives, delta one, ETFs, commodity derivatives, and cryptocurrency. Technology is inextricably linked to our trading strategies, creating an environment powered by intellectual curiosity, problem solving, and innovation.

We are actively seeking an Options Trader to join our growing US equity volatility trading team in Chicago. You will play a key role in managing and improving our US systematic and positional options trading strategies. You will also collaborate extensively with our quantitative researchers and technologist to drive our trading system forward and unlock trading opportunities.

Responsibilities and Duties

  • Manage and execute multiple options trading strategies, systematic market making and positional strategies
  • Responsible for the risk management of the portfolio
  • Identify trading opportunities and develop trading metrics based on proprietary research and data analysis
  • Collaborate with other traders and quantitative researchers to optimise existing strategies and explore new alphas
  • Work closely with the quants, developers, and support staff to continuously improve our trading infrastructure system

What you offer

  • Bachelor's degree in finance, economics, mathematics, or a related field
  • 2+ years of US index and equity options experience
  • Proven track record of profitability and consistent trading performance
  • Deep understanding of the US equity option markets and the trading opportunities
  • Strong knowledge of options pricing models and volatility analysis
  • Excellent analytical and problem-solving skills, with the ability to make informed trading decisions
  • Ability to thrive and make decisions in a fast-paced trading environment and handle pressure effectively
  • Strong communication and collaboration skills
  • Good command of spoken and written English
  • Strong proficiency in coding with Python

What we offer

  • Dynamic and collaborative work environment
  • Opportunity to contribute directly to the bottom line
  • Mentorship and training opportunities
  • A flat management structure, where everyone's voice is valued
  • Work life balance within a multi-cultural environment
  • Attractive benefits package with discretionary bonus

Eclipse Trading is an equal opportunity employer and we believe that diversity and inclusion are essential pillars of our success as a company. We are dedicated to embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential.

All information provided will be treated in strict confidence and used solely for recruitment purposes.

Due to the high number of responses that we receive, we are only able to respond to successful applicants.