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Options Manager Jobs in Chicago, IL (NOW HIRING)

DRW

US Equity Index Options Trader

Chicago, IL · On-site

$250K - $300K/yr

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 ...

Wolverine

Electronic Options Trader

Chicago, IL · On-site

$100K - $150K/yr

Manage risk and execution across multiple products. * Manage parameters that affect option pricing. * Conduct product-specific research in order to identify idiosyncratic risks. * Identify macro ...

Wolverine

Electronic Options Trader

Chicago, IL · Hybrid

$100K - $150K/yr

Manage risk and execution across multiple products. * Manage parameters that affect option pricing. * Conduct product-specific research in order to identify idiosyncratic risks. * Identify macro ...

Maven

Options Market Maker

Chicago, IL

Rigorous risk management and perfect compliance with regulatory rules * Improving strategies ... Prior options trading experience * Successful track record of proven P&L and market share * Good ...

MAVEN

Options Market Maker

Chicago, IL · On-site

Rigorous risk management and perfect compliance with regulatory rules * Improving strategies ... Prior options trading experience * Successful track record of proven P&L and market share * Good ...

Maven Securities

Options Market Maker

Chicago, IL · On-site

Options Market Maker Chicago Maven is a market-leading proprietary trading firm deploying its own ... Rigorous risk management and perfect compliance with regulatory rules * Improving strategies ...

Maven

Options Market Maker

Chicago, IL · On-site

Rigorous risk management and perfect compliance with regulatory rules * Improving strategies ... Prior options trading experience * Successful track record of proven P&L and market share * Good ...

Wolverine Worldwide

Electronic Options Trader

Chicago, IL · Hybrid

$100K - $150K/yr

Manage risk and execution across multiple products. * Manage parameters that affect option pricing. * Conduct product-specific research in order to identify idiosyncratic risks. * Identify macro ...

Old Mission

Quantitative Trader (Options)

Chicago, IL

$150K - $200K/yr

Manage a portfolio of fixed income volatility products across different assets with various holding ... of options theory. * Proficiency with at least one of the following languages: Python, C++, Java ...

Akuna Capital

Experienced Options Trader

Chicago, IL · On-site +1

$145K/yr

We specialize in providing liquidity as an options market maker - meaning we are committed to ... Profitably manage a derivatives portfolio and be responsible for dynamically managing risk to ...

Akuna Capital

Experienced Options Trader

Chicago, IL · On-site

$145K/yr

We specialize in providing liquidity as an options market maker - meaning we are committed to ... Profitably manage a derivatives portfolio and be responsible for dynamically managing risk to ...

IMC

Quantitative Researcher - Options

Chicago, IL · On-site

$250K - $300K/yr

Experience in project or people management * Strong programming skills, Python, Java or C ... You have experience with options pricing #LI-DNP The Base Salary range for the role is included ...

Maven

Junior Floor Trader

Chicago, IL · On-site

We are seeking a junior trader to join our Options Market Making trading team in Chicago in ... to manage position sizes and exposure * Working with traders to design and improve trading ...

Old Mission

Quantitative Trader (Options)

Chicago, IL · On-site

$150K - $200K/yr

Manage a portfolio of fixed income volatility products across different assets with various holding ... of options theory. * Proficiency with at least one of the following languages: Python, C++, Java ...

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 ...

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All JobsOptions JobsOptions Manager JobsOptions Manager Jobs in Chicago, IL

Options Manager information

See Chicago, IL salary details

$25.2K

$61.3K

$119.5K

How much do options manager jobs pay per year?

As of Aug 5, 2026, the average yearly pay for options manager in Chicago, IL is $61,319.00, according to ZipRecruiter salary data. Most workers in this role earn between $43,300.00 and $70,600.00 per year, depending on experience, location, and employer.

What is the difference between Options Manager vs Options Analyst?

AspectOptions ManagerOptions Analyst
CredentialsTypically requires a bachelor's degree in finance, economics, or related field; certifications like CFA are commonUsually holds a bachelor's degree in finance, economics, or mathematics; CFA or options trading certifications are advantageous
Work EnvironmentWorks in financial firms, trading floors, or investment banks, managing options portfolios and strategiesWorks in similar environments, analyzing options data, pricing models, and market trends
Job FocusOversees options trading strategies, risk management, and portfolio performanceFocuses on analyzing options data, pricing, and providing insights for trading decisions

Options Managers and Options Analysts both operate within the options trading sector, often in the same industry environments. While Options Managers oversee trading strategies and risk management, Options Analysts focus on data analysis and market research. Both roles require strong financial knowledge and relevant certifications, but their responsibilities differ in scope and focus.

What are the most commonly searched types of Options jobs in Chicago, IL? The most popular types of Options jobs in Chicago, IL are:
What are popular job titles related to Options Manager jobs in Chicago, IL? For Options Manager jobs in Chicago, IL, the most frequently searched job titles are:
What job categories do people searching Options Manager jobs in Chicago, IL look for? The top searched job categories for Options Manager jobs in Chicago, IL are:
What cities near Chicago, IL are hiring for Options Manager jobs? Cities near Chicago, IL with the most Options Manager job openings:
Options Manager jobs near you

US Equity Index Options Trader

DRW

Chicago, IL • On-site

$250K - $300K/yr

Full-time

Medical, Dental, Vision, Life, Retirement

Posted 8 days ago

Job description

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.
Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.
We operate with respect, curiosity and open minds. The people who thrive here share our belief that it's not just what we do that matters-it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus
We are seeking a US Equity Index Trader to join our US Options Trading team.
How you will make an impact
  • 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, optimize strategies, 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

You will be right at home if you have
  • Proven 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 quickly 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 continuous drive to learn and improve

The annual base salary range for this position is $250,000 to $300,000 depending on the candidate's experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.
For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.
California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.
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