DRW is seeking an experienced Crude Oil Options Trader to join their trading team in New York to evaluate and execute oil options trades with a focus on market making and discretionary vol trading strategies, develop and implement trading strategies to capitalize on market opportunities and manage risk, and monitor and analyze market trends, news, and data to make informed trading decisions.
Requirements
- Minimum of 1 year of experience in options trading
- Strong analytical skills and the ability to interpret complex market data.
- Proficiency in Python for research and data analysis
- Excellent risk management skills and the ability to manage positions within defined risk limits.
Responsibilities
- Evaluate and excute oil options trades with a focus on market making and discretionary vol trading strategies.
- Develop and implement trading strategies to capitalize on market opportunities and manage risk.
- Monitor and analyze market trends, news, and data to make informed trading decisions.
- Manage positions and risk within defined limits, ensuring adherence to company policies and regulatory requirements.
- Utilize trading platforms and tools to enhance trading efficiency and performance.
- Provide regular reports and updates on trading performance, market conditions, and strategy adjustments.
Other
- The ideal candidate will have a strong background in market making and proprietary trading within the oil options market or in commodity options.
- The role requires a deep understanding of trading strategies, risk management, and market insights to drive profitability and enhance our market presence.
- Collaborate with other traders, analysts, and support teams to optimize trading performance.
- Maintain strong relationships with market participants, including brokers, exchanges, and other traders.
- Ability to work in a fast-paced, high-pressure environment and make quick, informed decisions.
