Options Volatility Trader (Remote, Funded) — Detroit, MI
Grand Rapids, Kent County, Michigan, 49501, USA
Listed on 2026-08-16
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Finance & Banking
Financial Advisor / Consultant, Trading - Equity / Derivatives / Quantitative, Financial Analyst, Risk Manager/Analyst
Options volatility traders at Maverick treat implied volatility as the primary instrument. The position thesis isn’t 'this stock will go up' — it’s 'realized volatility will print higher than what the options market is pricing in,' or 'term structure is mispriced and will revert.' This role is for traders who already speak in vegas, vannas, and vol surfaces, not for directional traders who happen to use options.
Detroit, MI: Detroit's financial industry is anchored by the auto industry's corporate-finance operations — GM, Ford, and Stellantis are all headquartered in or near the metro. Rocket Companies (formerly Quicken Loans) has built a major financial-services hub downtown. Eastern Time alignment with the NYSE.
What you'll trade: Single-name equity options where realized-vs-implied edge is identifiable, index options for systematic vol exposure, and ETF options (VIX-related products, sector ETFs) for thematic vol expressions. Strategies include long straddles around event windows, ratio spreads to express vol view with directional bias, and term-structure trades (calendars when contango is mispriced).
Risk framework: Vol trading carries gamma risk on long-vol structures and tail risk on short-vol structures. Maverick caps short-vega exposure firmly and requires hedging plans before entering ratio or naked-leg trades. We do not run uncovered short-vol books in single names; index short-vol is sized to survive a 2008-class shock.
Why Maverick funds this role: Most retail options traders trade directionally and use vol as a side input. There's structural edge for traders who flip that — who trade vol primarily and let direction be a secondary consideration. Maverick funds this role because the strategy is differentiated from the bulk of our book and provides diversification at the firm level.
- Traders who have already lost money learning that short premium isn't free money
- People who can think in two dimensions at once — price and vol
- Quantitatively comfortable candidates; this isn't a chart-trader role
- Traders who maintain their own realized-vol estimates rather than reading off a screen
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