Crypto Options Trader

Cumberland is the cryptoasset arm of DRW, established in 2014 after early interest in cryptoassets and their underlying technology. Today, Cumberland is a global leader in cryptoassets, uniquely positioned between the traditional financial markets and the cryptoasset ecosystem. From our offices around the world, we provide 24-hour access to a wide array of cryptoassets while helping the crypto ecosystem grow and evolve in a responsible, sustainable way. As a Crypto Options Trader, you will have an opportunity to combine the disciplines of risk management, research and technology to execute cryptoasset trading strategies. You will be tasked with managing counterparty relationships and executing trades. You will work closely with experienced traders, business development teams and quantitative researchers to help identify trading opportunities and manage the cryptoasset portfolio.

Responsibilities

• Execute options trades across various cryptocurrency exchanges, including buying and selling options contracts based on market analysis and trading strategies.
• Monitor cryptocurrency market trends, news, and developments to identify trading opportunities and risks associated with options trading.
• Implement risk management strategies to mitigate potential losses, including position sizing, setting stop-loss orders, and managing portfolio volatility.
• Develop and implement options trading strategies tailored to the cryptocurrency market environment, including delta-neutral strategies, volatility trades, and arbitrage opportunities.
• Execute trades efficiently and accurately, ensuring timely order placement and execution in accordance with trading strategies and risk parameters.
• Monitor and manage options positions, including portfolio rebalancing, assessing profit and loss, and optimizing portfolio performance.
• Collaborate with research analysts, developers, and other traders to develop and refine options trading strategies, analyze market data, and stay informed about market trends.

Experience

• Strong understanding of options trading principles, strategies, and market dynamics.
• Deep knowledge of cryptocurrency markets and digital assets, including Bitcoin, Ethereum, and other major cryptocurrencies.
• Previous experience in options trading, cryptocurrency trading, or financial derivatives essential.
• Proficiency in data analysis tools, such as Excel, Python, or R.
• Excellent quantitative and analytical skills, with attention to detail.