Quant jobs / DRW

US Equity Index Options Trader

A trader on a US options team who manages index and equity option positions and risk. The role works with researchers and developers on pricing, execution and tooling.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Trade US index and equity options and manage risk
Analyse flows, volatility and microstructure for opportunities
Refine pricing and execution approaches
Run post-trade analysis to improve strategies
Help build tools and monitoring for the desk

What they ask for

Required

Proven index or equity options trading experience
Track record and disciplined risk management
Options theory, volatility and microstructure
Comfort with both systematic and discretionary trading
Calm decision-making under pressure
Strong analytics

Education: Not stated
Experience: Proven record trading index or equity options
Markets: options, equities

How to prepare

Study volatility surfaces, skew and how market makers quote options
Build a simple options P&L attribution (delta, gamma, vega, theta)
Learn how index options flow affects volatility
Practise risk and position-sizing decisions with scenarios

What to study

The Volatility Quant roadmap sets out the stages for this kind of role, with free resources for each.

Open the roadmap

Apply

Read the full posting on DRW’s site before applying: requirements, location and pay can change after we check them.

View the posting on DRW’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with DRW and doesn’t handle applications.