logo inner

Individual Equity Options (IEO) Trader

Belvedere TradingChicago, Illinois, United StatesOnsite
Belvedere Trading is a leading proprietary trading firm. We are a team driven by intellectual curiosity, seeking answers that will change not only how we trade in this technological age, but also the future landscape of the trading industry. 
Our traders provide liquidity to the market through their market-making activities and are the masters of a diverse set of commodities, interest rates, exchange-traded funds (ETF), and equity index options. Traders partner with our technologists to continually engineer and optimize our trading systems to stay on top of the industry. As an Individual Equity Options (IEO) Trader, you will play a critical role in developing and executing trading strategies for single equity names within Belvedere's Index, ETF, and equity options team.

You will leverage your analytical skills, quantitative mindset, and strong market intuition to identify opportunities and manage risk in a dynamic trading environment. 

What you'll do


  • 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. 
  • 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 the highest volume names. 
  • Provide analytics & insights to analyze market data to identify trends, mispricing, and emerging opportunities within the IEO space. 
  • Develop tools to analyze positional opportunities, evaluate risk, and improve options liquidity. 
  • Collaborate with technologists, quants, and traders to systematize models and trading strategies. 
  • Ensure risk management by monitoring and managing positions within risk limits. 

What you'll need


  • 1-3 years of trading experience, ideally in single-stock options, index, or ETF trading. 
  • Bachelor's degree or higher, preferably in Finance, Economics, Mathematics, Engineering, Computer Science, or a related discipline. 
  • Strong quantitative and analytical background; familiarity with market microstructure and pricing. 
  • Proficiency in programming languages such as Python, R, or SQL, with the ability to work with large datasets and develop models.   
  • Ability to make high-stakes decisions under pressure in a fast-paced environment. 
  • A team-oriented mindset with excellent communication skills. 

How We Operate - Core Values 

Team Belvedere:


Work seamlessly with others to achieve shared goals. Foster a positive and supportive environment that brings out the best in your teammates.  

Me in Team:


Focus on competing and succeeding at the highest level, constantly striving for excellence. 

Own It:


Actively address challenges and make decisions that drive positive results, taking ownership of both successes and failures. 

Iterative Innovation:


Bring forward bold, creative ideas and solutions. Be open to experimentation and willing to take calculated risks. 

Passionate Discourse:


Encourage and bring innovative, out-of-the-box ideas to discussions, actively contributing to team growth and progress. 

Women and underrepresented groups frequently apply to jobs only if they meet 100% of the qualifications.


We encourage you to break that mold and apply. No candidate is perfect; all have a lot to offer. We welcome your application.


Our Stance Belvedere is an Equal Opportunity Employer committed to a non-discriminatory workplace. We promote diversity and equal opportunity for all employees and applicants, fostering an inclusive environment where all team members are treated with respect, dignity, and courtesy. We value a dynamic culture where diverse backgrounds, experiences, and perspectives thrive. 

Work Schedule:

Regular and reliable attendance during business hours with the ability to be on-site prior to the start of business on occasion 

Physical:

Ability to remain at a desk and concentrate for long periods of time

Amount of Travel Required:

None 
Apply for this job

Life at Belvedere Trading

In March of 2002, Belvedere Trading emerged as Chicago's newest market makers, soon to join the ranks of the Windy City's elite proprietary trading firms. Armed with printouts of Excel workbooks and a team of eager minds, Belvedere established their place in the SPX pit on the floor of the Chicago Board Options Exchange. From the beginning, we began iteratively investing in our proprietary technology, first building our options model, then adapting it to work on a handheld computer, then committing to building our software systems from the ground up. Due to our ultramodern proprietary technology and risk management capabilities, Belvedere is able to quickly capitalize on inefficiencies in the marketplace. Our trading models and software systems are continually re-engineered, optimized, and maintained to stay on top of the industry. Belvedere Trading's success and rapid growth are the direct results of our market experience, commitment to our mission and values, and relentless focus on the training and development of our team members. We attract an amazing caliber of diverse people; our team is comprised of over 200 individuals and we are actively expanding year over year. Since our inception, Team Belvedere has enjoyed low turnover and high referral rates due to our distinctive working atmosphere, well defined company culture, and high levels of entrepreneurship and empowerment. Our aggressive drive for efficiency, unique trading techniques, use of cutting edge technology, and most importantly, talented people, make us confident of our continued growth and success. Belvedere Trading continually looks forward to further expansion and facing the opportunities and challenges that the evolving financial markets will bring.
Thrive Here & What We Value1. Dynamic Culture of Inclusion and Diversity2. Positive Environment for Team Members3. Non-Discriminatory Employment Environment4. Core Values: Team Belvedere, Me In Team, Own It, Iterative Innovation, Passionate Discourse5. Customizable Financial Backing Packages for Experienced Traders6. Equal Opportunity Employer7. Commitment to Diversity and Inclusion8. Positive Treatment of Team Members9. Emphasis on Strategy Potential10. Belvedere's Core Values
Your tracker settings

We use cookies and similar methods to recognize visitors and remember their preferences. We also use them to measure ad campaign effectiveness, target ads and analyze site traffic. To learn more about these methods, including how to disable them, view our Cookie Policy or Privacy Policy.

By tapping `Accept`, you consent to the use of these methods by us and third parties. You can always change your tracker preferences by visiting our Cookie Policy.

logo innerThatStartupJob
Discover the best startup and their job positions, all in one place.
Copyright © 2024