Experienced Equity Options Trader
Belvedere Trading is a leading proprietary trading firm and market maker headquartered in Chicago, with additional offices in Boulder, New York, and Singapore. Founded in 2002, the firm builds proprietary trading technology and risk management systems to capitalize on market inefficiencies across options and other derivatives markets.
About Belvedere Trading
Belvedere Trading emerged in March 2002 as one of Chicago's newest market makers, establishing its place in the SPX pit on the floor of the Chicago Board Options Exchange. Since inception, the firm has invested iteratively in proprietary technology, starting with an options model, adapting it to handheld computers, and eventually building its software systems from the ground up. Due to its ultramodern proprietary technology and risk management capabilities, Belvedere is able to quickly capitalize on inefficiencies in the marketplace, with trading models and software systems continually re-engineered, optimized, and maintained to stay competitive. The firm operates from Chicago, Boulder, New York, and Singapore, employs close to 300 individuals, and is known for low turnover, high referral rates, and a strong company culture centered on core values such as teamwork, ownership, and innovation. Belvedere focuses on proprietary trading across asset classes including equity and commodity options, leveraging cutting-edge technology and talented people to sustain its growth.
Skills
About the Role
You will join our Equity Index or Individual Equity Options Trading Groups, taking ownership of strategy, risk, and performance across equity options while helping shape the future of the trading desk. You'll bring strong market intuition, a quantitative mindset, and a team-first approach to a fast-paced environment where you'll solve complex problems together with your teammates.
Requirements
- 3–7+ years of experience trading single-stock options, index options, or ETF options, ideally in a market-making setting
- A strong track record of generating PnL, managing risk, and executing strategies in fast-moving markets
- Deep understanding of options pricing, volatility dynamics, and market microstructure
- Proficiency in Python, R, SQL, or similar tools, with the ability to work with large datasets and build analytical or modeling frameworks
- 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, Economics, Physics, Mathematics, Engineering, Computer Science, or a related field
Responsibilities
- Become a leader in options market-making while being recognized and compensated for your contributions
- Participate in formal education on quantitative concepts to build trading knowledge
- Execute trades in a fast-paced environment with precision and a focus on maximizing profitability
- Excel in market-making on a highly collaborative team and actively provide liquidity across multiple markets while ensuring efficient pricing and risk management
- Execute strategy development and collaborate with the team to design and implement trading strategies in highly liquid names
- Provide analytics and insights to analyze market data to identify trends, mispricing, and emerging opportunities within equity markets
- Develop tools to analyze positional opportunities, evaluate risk, and improve options liquidity
- Collaborate with technologists, quants, and traders to systematize models and trading strategies
- Monitor and manage positions within risk limits to ensure risk management