Options Trader

As an Options Trader at Wintermute, you will build and scale the options trading business for one of the largest algorithmic trading companies in digital assets. You work with complete autonomy, no legacy systems, no corporate bureaucracy, and incentives aligned with the company's success. You act as an owner, making decisions that directly impact the business.

What you'll do

• Monitor and rationalise crypto market flows across spot, perpetuals, futures, and options to identify volatility and skew dislocations.
• Analyse exchange-level positioning, funding dynamics, open interest, and on/off-exchange flows to uncover structural and tactical trading opportunities.
• Research and backtest volatility surface dynamics, term structure, skew behaviour, relative value and dispersion trades across major digital assets such as BTC, ETH and liquid altcoins.
• Develop and refine alpha signals combining market microstructure insights with quantitative research tools.
• Actively participate in trading and risk-managing a multi-exchange crypto options portfolio, including delta, vega, gamma, and cross-venue risk.
• Contribute to the desk's expansion into systematic and semi-systematic volatility strategies.
• Own the full investment lifecycle from intuition and thesis development through modelling, execution, and post-trade performance analysis.
• Collaborate with engineering and infrastructure teams to optimise electronic execution, improve latency-sensitive routing, and enhance automation across exchanges.
• Monitor exchange counterparty risk, liquidity fragmentation, and structural inefficiencies unique to crypto derivatives markets.

What you bring

• 3-5+ years of options trading experience at a top-tier trading firm, with a significant component of systematic and algorithmic trading (not only position taking or executing client trades).
• Deep understanding of option pricing and risk frameworks, with the ability to design these from scratch based on prior expertise.
• Excellent quantitative and analytical skills.
• Python or other coding skills, or demonstrable ability to learn Python within several months on your own time.
• An owner mentality focused on ultimate P&L outcomes and strategically growing the business and Wintermute partnerships.
• A problem-solving mindset and willingness to do whatever it takes (trading, coding, analysing data, collaborating).
• Determination, ambition and humility, with a willingness to work hard and learn continuously.
• An entrepreneurial mindset and comfort with non-standard working hours across 24/7 crypto markets.
• A preference for meritocracy and being judged by what you deliver.
• Ability to thrive in a collaborative team environment.

About Wintermute Trading

Wintermute is one of the largest algorithmic trading companies in digital assets, providing liquidity algorithmically across all major cryptocurrency exchanges and trading platforms. The company supports a broad range of OTC trading solutions and works with high-profile blockchain projects and traditional financial institutions entering crypto. Wintermute is a prominent player in the digital asset markets, partnering with major industry participants and actively investing in the blockchain ecosystem.