Experienced Commodities Options Trader
Belvedere Trading is a proprietary trading firm and market maker founded in Chicago. It develops proprietary trading models, software, and risk-management systems, and operates across Chicago, Boulder, New York, and Singapore.
About Belvedere Trading, LLC.
Belvedere Trading is a proprietary trading firm and market maker specializing in financial markets, including options, indices, commodities, equities, and equity strategies. The company uses proprietary trading models, software platforms, quantitative research, and risk-management capabilities to identify market inefficiencies and execute trading strategies. It also provides capital, infrastructure, operational support, and strategic guidance to backed trading groups and partners, and may acquire established trading teams or their intellectual property. The company recruits and trains quantitative traders, researchers, software engineers, and operations professionals through its Belvedere Trading University program.
Skills
Candidate Availability
Required and preferred rules are kept separate and reflect the wording in the original posting.
About the Role
You will help expand and lead Belvedere's presence in commodity derivatives markets. You'll take ownership of strategy development, pricing, and risk across commodity options products, bringing strong market intuition, quantitative rigor, and a collaborative mindset to a fast-paced environment where you'll work with others to solve complex problems and push trading capabilities forward.
Requirements
- 3–7+ years of experience trading commodity options (energy, metals, agriculture, or related markets)
- Demonstrated success generating PnL, managing complex risk profiles, and navigating fast-moving markets
- Deep understanding of options pricing, volatility dynamics, and commodity market structure, including fundamental drivers
- Proficiency with analytical and programming tools such as Python, R, or SQL, with the ability to work with large datasets and improve modeling or decision-support systems
- Ability to thoughtfully approach decision-making, thrive under pressure and adapt quickly to changing market conditions
- Excellent communication skills and a team-oriented mindset
- Bachelor's degree or higher in Finance, Engineering, Physics, Mathematics, Economics, Computer Science, or a related technical field
Responsibilities
- Become a leader in options market-making, while being recognized and compensated for your contributions within the firm
- Participate in formal education on quantitative concepts to build your trading knowledge
- Lead market-making and execution across commodity options products, guiding pricing, risk parameters, and strategic direction
- Own and refine trading strategies from ideation through execution, generating insights in high-volume and high-volatility markets
- Identify trends and mispricings by leveraging data, market structure knowledge, and an understanding of supply–demand dynamics across commodities
- Collaborate with technologists and quants to enhance analytics, improve models, and systematize trading workflows that scale
- Develop tools to analyze positional opportunities, evaluate risk, and improve options liquidity
- Manage risk with discipline, monitoring exposures in real time and ensuring adherence to Belvedere's risk philosophy
- Work cross-functionally with research, technology, and trading teams to drive innovation and support the continued evolution of commodities options trading groups
