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Experienced Commodities Options Trader

Belvedere Trading
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Chicago, IL$150k - $200kFull-timePosted 10mo ago

About the role

Experienced trader role focusing on leading market-making, strategy development, pricing, and risk management across commodity options products within Belvedere Trading.

Responsibilities

  • 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.

Qualifications

  • 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.

Skills

Required:Options market-makingPython/R/SQLRisk management
Nice to have:Quantitative conceptsData analysis

Benefits

  • variety of benefits, which can be found on our website here
Last updated Oct 21, 2026. Interested? Apply on the company site.
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About Belvedere Trading

Market Makers.

Belvedere Trading is a leading proprietary trading firm located in Chicago, specializing in equity index and commodity derivatives.

proprietary tradingequity index derivativescommodity derivatives
Company profileWebsite

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