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Option Trader Jobs (NOW HIRING)

Wolverine

Systematic Options Trader

Chicago, IL · On-site

$150K - $200K/yr

Systematic Options Trader Department: Trading Employment Type: Full Time Location: Chicago, IL Description Wolverine has an opportunity for an experienced quantitative trader/researcher to join a ...

Edgehog Trading

Quantitative Options Trader

Chicago, IL · On-site

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 ...

Edgehog Trading

Senior Index Options Trader

Chicago, IL · On-site

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 ...

Anson McCade

Index Trader

Chicago, IL · On-site +1

Permanent Our client is a proprietary trading firm specializing in electronic options market making. They take a technology-driven approach, designing and operating automated, scalable systems to ...

Cetera

Trader

Saint Cloud, MN · Hybrid

May provide trading service to registered representatives or for internal company purposes ... Health Savings and Flexible Spending Account options to help you save money on healthcare, daycare ...

Cetera

Trader

Saint Cloud, MN · Hybrid

May provide trading service to registered representatives or for internal company purposes ... Health Savings and Flexible Spending Account options to help you save money on healthcare, daycare ...

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Option Trader information

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$39.5K

$96.8K

$269.5K

How much do option trader jobs pay per year?

As of Jun 10, 2026, the average yearly pay for option trader in the United States is $96,774.00, according to ZipRecruiter salary data. Most workers in this role earn between $56,500.00 and $105,500.00 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, and why are they important?

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.
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Option Trader jobs near you
Infographic showing various Option Trader job openings in the United States as of June 2026, with employment types broken down into 100% Full Time. Highlights an 67% In-person, and 33% Remote job distribution, with an average salary of $96,774 per year, or $46.5 per hour.

Systematic Options Trader

Wolverine

Chicago, IL • On-site

$150K - $200K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 8 days ago

Job description

Systematic Options Trader
Department: Trading
Employment Type: Full Time
Location: Chicago, IL
Description
Wolverine has an opportunity for an experienced quantitative trader/researcher to join a growing options market-making desk within a well-established firm. The ideal candidate has a passion for defining exchange-facing market-making algorithms and/or identifying options pricing volatility signals. You have experience defining research priorities and deriving actionable insights from large datasets within the exchange-listed options space, leveraging your deep knowledge of market microstructure.
What You'll Do
  • Grow firm profitability by influencing the development of trading algorithms and researching options pricing signals.
  • Define microstructure research initiatives and shape research infrastructure.

What We're Looking For
  • 5+ years of experience conducting or guiding research on large sets of exchange market data and/or options pricing datasets.
  • Proven track record of driving improvements on a systematic market-making desk or semi-systematic volatility trading desk-preferably at a top-tier market-making firm.
  • Exposure to and a deep understanding of low-latency market-making technology, including how insights gleaned from research projects are integrated into a production trading system.
  • Deep knowledge of exchange infrastructure and microstructure.
  • Strong communication skills and experience collaborating with software and hardware engineers to see your research through to production.
  • Strong background in statistics and/or linear algebra is a plus.
  • Experience with C++ or a similar programming language is a plus.

Why Join Us
Our flat organizational structure promotes teamwork across the Firm and offers easy access to senior staff. While we work exceptionally well as a team in the office, our bonds are further strengthened through company events, activities and giving back. Volleyball, soccer, hockey, 5K runs, picnic, parties, and trivia nights provide friendly competition and build better relationships. By getting out of our usual environment and doing out-of-the-ordinary things together, we foster creativity and broaden our imaginations to accomplish new challenges.
Benefits:
  • Highly competitive salary & bonus opportunity
  • Generous paid time off and flexible scheduling
  • 100% coverage of medical, dental, vision, life, and disability benefits for single coverage
  • Generous Paid Parental Leave
  • Retirement Plans: 401K and Roth 401K
  • Profit sharing plan
  • Long- and short-term disability

Additional Perks:
  • Free breakfast and lunch from our in-house kitchen with rotating menus (including snacks!)
  • On-site gym with a subsidized membership
  • Frequent company outings
  • Opportunity to give back to organizations that help individuals in need in the Chicagoland area

Professional Development:
  • In-house education team - classes and resources are offered for continuous learning opportunities
  • Mentorship Program through your first six months of employment

The base compensation range for this role is approximately $150,000 - $200,000 contingent on experience. Wolverine Tradings's total compensation model includes base salary and an annual discretionary bonus.

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