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Options Trader Jobs in Chicago, IL (NOW HIRING)

Eclipse Trading

Options Trader

Chicago, IL · On-site +1

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 ...

Eclipse Trading

Options Trader

Chicago, IL · On-site +1

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 ...

Eclipse Trading

Options Trader

Chicago, IL · On-site

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 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 ...

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 ...

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 +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 ...

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 ...

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 ...

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Showing results 1-20

All JobsOptions Trader JobsOptions Trader Jobs in Chicago, IL

Options Trader information

See Chicago, IL salary details

$11.3K

$115.8K

$201.4K

How much do options trader jobs pay per year?

As of Aug 23, 2026, the average yearly pay for options trader in Chicago, IL is $115,756.00, according to ZipRecruiter salary data. Most workers in this role earn between $50,500.00 and $180,300.00 per year, depending on experience, location, and employer.

What is an options trader?

An Options Trader is a financial professional who buys and sells options contracts on various securities, such as stocks or commodities. They analyze market trends, assess risk, and develop strategies to profit from price movements without owning the underlying asset. Options traders can work for financial institutions, hedge funds, or as independent traders. Their role requires a deep understanding of financial markets, risk management, and the mechanics of options trading.

What is an options trader?

An options trader buys and sells stock options. You typically work for a large investment bank or private hedge fund, managing complex capital investments for clients. Your duties are to create options contracts and develop forecasting models to determine the optimal price to buy an option to maximize profit and minimize risk. You create reports and models that outline financial positions for your clients that will increase value to their portfolio. Many options traders gain job experience working at an investment bank or large commercial bank and possess qualifications like a bachelor’s degree in economics or math.

What are the key skills and qualifications needed to thrive as an options trader, and why are they important?

To thrive as an Options Trader, you need strong analytical skills, mathematical proficiency, a solid understanding of financial markets, and often a degree in finance, economics, or a related field. Familiarity with trading platforms, financial modeling tools, and certifications like the Series 7 or CFA are typically valuable. Exceptional decision-making, stress management, and effective communication help traders excel in high-pressure, fast-moving environments. These skills are crucial for making informed trades, managing risk, and achieving consistent profitability in a competitive market.

What are the main challenges an options trader faces during periods of high market volatility?

As an Options Trader, high market volatility can lead to rapidly changing options prices and increased risk exposure. Navigating these conditions requires quick decision-making, a solid understanding of risk management strategies, and the ability to stay calm under pressure. Traders must constantly monitor their positions, adjust hedges, and communicate effectively with team members, such as risk analysts and portfolio managers, to ensure portfolio stability. Adapting to shifting market conditions and remaining disciplined are key to long-term success in this dynamic environment.

Can options trading be a career?

Options trading can be pursued as a career by individuals such as professional traders, financial analysts, or investment managers who develop expertise in market analysis, risk management, and trading strategies. Success in this field often requires strong analytical skills, knowledge of financial instruments, and access to trading platforms and tools. It is a competitive environment that may involve significant financial risk and the need for relevant certifications or licenses.

How much do options traders make?

Options traders' earnings vary widely based on experience, skill, and trading success. Successful traders can earn from a few thousand dollars annually to six-figure incomes or more, especially if they manage large portfolios or work for firms. Many traders also earn commissions, fees, or bonuses based on performance and trading volume.
More about Options Trader jobs

What are the most commonly searched types of Options Trader jobs in Chicago, IL?

The most popular types of Options Trader jobs in Chicago, IL are:

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

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

What cities near Chicago, IL are hiring for Options Trader jobs?

Cities near Chicago, IL with the most Options Trader job openings:

Options Trader jobs near you
Infographic showing various Options Trader job openings in Chicago, IL as of August 2026, with employment types broken down into 100% Full Time. Highlights an 71% In-person, and 29% Remote job distribution, with an average salary of $115,756 per year, or $55.7 per hour.

Options Trader

Eclipse Trading

Chicago, IL • On-site, Remote

Full-time

Re-posted 18 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.

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