Experienced Commodities Options Trader

Belvedere Trading

$150K — $200K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 3-7+ years of experience trading commodity options (energy, metals, agriculture, or related markets).
  • Demonstrated success generating PnL and managing complex risk in fast-moving environments.
  • Deep understanding of options pricing, volatility dynamics, and fundamental market drivers.
  • Proficiency in analytical tools like Python, R, or SQL for data handling and modeling.
  • Ability to thrive under pressure and adapt to dynamic market conditions.
  • Excellent communication skills and a collaborative mindset.
  • Bachelor’s degree or higher in a quantitative field such as Finance, Engineering, or Mathematics.

Responsibilities

  • Lead options market-making with recognition and compensation for your contributions.
  • Participate in formal education on quantitative concepts to enhance trading knowledge.
  • Guide pricing, risk parameters, and strategy for commodity options products.
  • Own trading strategies from development to execution in volatile markets.
  • Identify market trends and mispricings using data and market structure analysis.
  • Work with technologists and quants to refine analytics and improve trading systems.
  • Develop analytical tools to optimize positional risk and options liquidity.
  • Monitor and manage risk discipline, ensuring adherence to risk philosophy.

Benefits

  • Access to discretionary bonuses based on performance.
  • Diversity-focused hiring encouraging applications from varied backgrounds.
  • Supportive and inclusive workplace culture acknowledging diverse perspectives.
  • Opportunities for continuous learning and professional development.
Full Job Description
As an Experienced Commodities Options Trader, you will help expand and lead Belvedere's presence in commodity derivatives markets. In this role, you will take ownership of strategy development, pricing, and risk across commodity options products. You'll bring strong market intuition, quantitative rigor, and a collaborative mindset to a fast-paced environment where we work together to solve complex problems and push our trading capabilities forward. 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. • 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 our commodities options trading groups. What you'll need • 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. $150,000 - $200,000 a year Additionally, certain positions at Belvedere Trading are eligible for discretionary bonuses. Our employees have access to a variety of benefits, which can be found on our website here.

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