US Equity Index Options Trader

DRW is a diversified trading firm with over three 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.

About the role

We are seeking a US Equity Index Trader to join our US Options Trading team.

Responsibilities

• 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.

Requirements

• 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.

Pay

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.

Benefits

• Group medical, pharmacy, dental, and vision insurance.
• 401k with discretionary employer match.
• Short- and long-term disability insurance.
• Life and AD&D insurance.
• Health savings accounts.
• Flexible spending accounts.