Options Strategist

Position: Options Strategist

Location: Mumbai

Experience: 6-10 years of relevant buy-side derivatives experience

Role Purpose:

To support the SIF investment desk in the analysis, construction, execution and monitoring of options trades across the fund's long-short strategies, ensuring all exposures remain within the SEBI SIF framework.

Key Responsibilities:

- Analyse derivatives data across futures and options pricing, implied volatility, open interest, skew, basis and roll dynamics to generate and validate trade ideas.

- Build and maintain models for option pricing, Greeks, payoff profiles and scenario / stress analysis on the derivatives portfolio. Working knowledge of professional software like Greeksoft, NEST, Opstra etc is preferred.

- Monitor positions, margins, exposure utilisation and gross/net leverage daily against SIF limits and SEBI norms; escalate exceptions promptly.

- Identify arbitrage, hedging and relative-value opportunities across cash and derivatives segments.

- Maintain dealing records and MIS; coordinate with risk, compliance, operations and the clearing member / custodian.

- Track SEBI and exchange regulations relevant to SIFs and the F&O segment and embed them in desk processes.

Candidate Profile:

- Currently in a derivatives-trading role at a buy-side firm.

- Strong ability to analyse derivatives data.

- Ideally working at a fund/institutional setup presently managing a corpus.

- Sound understanding of options, futures, volatility, hedging and long-short portfolio construction.

- Proficiency with F&O analytics platforms, options analysis software and market-data systems; working knowledge of Excel. (Python / SQL knowledge added advantage)

- Familiarity with NSE/BSE derivatives segment workflows and the SEBI mutual fund / SIF regulatory framework.

- NISM Series-VIII (Equity Derivatives) certification preferred.