Freelance Options Algo Trader - Profit Sharing
Job details
About the Role:We are a proprietary trading firm specializing in intraday trading of US options markets, seeking skilled and disciplined freelance algorithmic traders to join our team. This role is tailored for individuals with expertise in developing and executing automated trading strategies designed for intraday opportunities.Traders will start with a one-month simulated trading phase on the Interactive Brokers (IBKR) platform to validate their strategies. Upon qualification, you will manage a $25,000 trading account (with a $100,000 margin) under a profit-sharing arrangement. Only intraday trading is permitted; no overnight positions are allowed.Key Responsibilities:Develop and implement algorithmic strategies for intraday trading in the US options market.Perform a 1-month simulated trading phase using the IBKR platform to demonstrate strategy effectiveness and adherence to intraday-only rules.Transition to live trading upon successful qualification, managing a $25,000 capital allocation with margin up to $100,000.Execute trades with strict compliance to intraday trading guidelines, ensuring all positions are closed by market close.Continuously monitor market trends, optimize strategies, and adjust algorithms to capitalize on short-term opportunities.Maintain disciplined risk management and comply with firm-provided trading parameters.Provide detailed performance reports and feedback on strategy performance.Requirements:Proven experience in intraday options trading with a focus on algorithmic or quantitative strategies.Proficiency in programming languages (e.g., Python, R, or C++) and trading platforms like IBKR.Strong understanding of intraday market dynamics, options pricing, and Greeks.Experience in designing, backtesting, and executing intraday trading algorithms.Expertise in managing risk and adhering to strict intraday trading policies.Self-motivated and results-oriented with strong analytical and decision-making skills.Ability to work independently and maintain consistent performance under time constraints.What We Offer:A profit-sharing model with traders retaining 50% of net profits.Access to a $25,000 trading account (margin up to $100,000) upon completing the simulated trading phase.Advanced trading infrastructure and resources for developing and optimizing intraday strategies.A flexible, remote work arrangement with ongoing support and collaboration opportunities.Continuous performance monitoring and constructive feedback to enhance trading success.Simulated Trading Phase:All candidates must complete a 1-month evaluation on the IBKR platform, using simulated trading to validate their intraday strategies. The phase focuses on adhering to intraday-only rules, risk management, and achieving performance benchmarks.Application Process:Submit your resume and a brief cover letter highlighting your intraday trading experience and algorithmic strategy expertise.Shortlisted candidates will be invited for an interview to discuss their strategies and market knowledge.Successful applicants will undergo the simulated trading phase before transitioning to live trading.If you're a disciplined trader with a passion for intraday algorithmic trading, this is your opportunity to thrive in a results-driven environment with a lucrative profit-sharing model.Apply today to start your journey as a Freelance Intraday Algorithmic Options Trader! PRB
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