Mid-Level

Options Trader

The derivatives specialist โ€” trading options contracts to profit from or hedge market movements.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
E
C
S
I
A
R
Enterprisingleading, persuading
Conventionalorganizing, detail-oriented
Based on Holland Code framework
Job markets for Options Traders
Employment concentration ยท ~367 areas
Based on employment in related occupations
Mapped SOC categories:
BLS Occupational Employment Statistics
What it's like

What it's like to be a Options Trader

As an Options Trader, you trade options contracts โ€” derivatives that provide the right to buy or sell underlying securities at specified prices. You might work for a bank, hedge fund, proprietary trading firm, or market maker, using options to express views, manage risk, or provide liquidity.

Your day involves analyzing options pricing, executing trades, and managing Greek exposures. You might price a complex options structure, execute trades to adjust portfolio risk, monitor positions through market moves, and coordinate with sales or clients on trading needs.

If you have strong quantitative skills and can think in multiple dimensions about risk, options trading offers intellectually demanding work with significant earning potential. The challenge is the complexity โ€” options have multiple risk factors โ€” and the intensity of managing positions. The people who thrive have strong quantitative intuition and stay calm under pressure.

AchievementAbove avg
Working ConditionsAbove avg
IndependenceAbove avg
RelationshipsModerate
RecognitionModerate
SupportModerate
O*NET Work Values survey
StrategyExecution
StructuredAdaptable
ManagingContributing
CollaborativeIndependent
Underlying assetsRole typeFirm typeRisk profileTechnology sophistication
Options trading varies by underlying and function. Equity options differ from fixed income or commodity options. Market makers provide liquidity; flow traders handle customer orders; proprietary traders take directional views. Automation level varies by market and firm.
โœฆ Editorial โ€” written by Truest from industry research and career patterns
Career Paths

Where this role sits in the broader career landscape โ€” and where it can take you.

$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
1 BLS OEWS May 2024 covers all Options Traders (SOC 41-3031.00), not just this title ยท BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Exploring the Options Trader career path? Truest helps you figure out if it's the right fit โ€” and plan your path forward.
Explore career tools
1
Greeks management
Understanding and managing delta, gamma, vega, theta is fundamental
2
Volatility trading
Options are essentially volatility instruments
3
Risk management
Complex positions require constant risk attention
What products does this desk trade?
Is this a market making or proprietary role?
What technology and analytics tools are available?
What are the risk limits?
What is the compensation structure?
โœฆ Editorial โ€” career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape โ€” helpful for context, but your specific experience will depend on level, specialty, and where you work.

$47Kโ€“$215K
Salary Range
10th โ€“ 90th percentile
472K
U.S. Employment
+3.3%
10yr Growth
38K
Annual Openings

How this category is changing

$64K$61K$58K$55K$52K201920202021202220232024$52K$64K
BLS OEWS May 2024 ยท BLS Employment Projections 2024โ€“2034

Skills & Requirements

Active ListeningCritical ThinkingMonitoringJudgment and Decision MakingReading ComprehensionActive LearningSpeakingPersuasionWritingSocial Perceptiveness
O*NET OnLine ยท Bureau of Labor Statistics
41-3031.00

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) ยท BLS Employment Projections ยท O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.