Remote Funded Options Income Trader — Indianapolis, IN
Indianapolis, IN
Maverick Trading
Premium-selling strategies on US equities and ETFs. Defined-risk, income-focused.
ET-aligned with US markets, low cost of living, and a quietly strong corporate base.
An options income trader at Maverick generates cash flow by selling premium in a defined-risk framework. This is not naked option selling, and it is not a martingale strategy that blows up on a single bad week. The role is built for traders who think in terms of probability, expected value, and management rules over individual directional bets.
Trading from Indianapolis, IN
Indianapolis hosts a meaningful insurance and pharmaceutical industry — Eli Lilly is headquartered here, Anthem (now Elevance) has a major presence, and several large insurance carriers run national operations from the metro. Eastern Time alignment with the NYSE is convenient.
Local ecosystem: Eli Lilly HQ, Anthem/Elevance; Indiana University, Purdue (Indianapolis).
Time zone: ET — the NYSE opens at 9:30am local for traders based in Indianapolis.
What You'll Trade
Credit spreads on liquid US equities and ETFs, cash-secured puts on names the trader would be willing to own, and covered calls on equity positions held in the firm's book. Trades are sized based on max-loss, not premium collected. Underlyings must clear liquidity screens — wide bid-ask spreads are an automatic disqualifier.
Day-to-Day
- Morning: review existing positions for tested strikes, time decay status, and adjustment triggers
- Identify new entries off a probability-based screen (e.g., short delta range, IV rank thresholds)
- Execute trades with limit orders inside the spread, never market orders
- Manage in-the-money positions to mechanical rules — roll out, roll down, or close at a defined loss multiple
- Track expected value vs. actual P&L across hundreds of trades, not single weeks
Risk Profile
Premium-selling looks profitable until it isn't. Maverick's risk framework caps max loss per spread, total notional exposure, and beta-weighted portfolio delta. Tail-risk events (8 sigma moves) are anticipated, not denied — we expect a few rough months a year and size so they don't end careers.
Who Succeeds in This Role
- Traders who understand 'probability of profit' is not the same as 'expected return'
- People who can follow mechanical management rules without overriding them mid-trade
- Candidates with a quantitative mindset — comfortable thinking in distributions
- Traders who don't need every position to win to feel like the strategy is working
Why This Role Exists at Maverick
Premium-selling done right is one of the most consistent income strategies in markets — and one of the easiest to ruin with bad sizing. Maverick built this role around traders who already think in probabilities and want firm capital deployed against a strategy that pays steady cash flow when risk is managed. The 65–90% profit split applies to net P&L after the inevitable rough months.
Tools & Platform
Most options income traders here use ThinkOrSwim or Tastytrade for execution, plus the firm's risk dashboard for portfolio-level Greeks. Position sizing tools and an IV-rank scanner are provided.
Common Mistakes We See
The single most common career-ending mistake we see is doubling down on losers by rolling for credit without rolling for risk. Maverick's framework explicitly forbids it past a defined threshold.
What Maverick Offers
- Trade firm capital — no personal capital at risk
- 65%–90% profit split based on performance tier
- Performance-based capital scaling, no upper cap
- Professional training and mentorship from active traders
- Fully remote — trade from anywhere with reliable internet (US applicants)
- Monthly ACH payouts
- No challenge accounts, no evaluations, no monthly fees
About Maverick Trading
Maverick Trading is a proprietary trading firm founded in 1997. We allocate firm capital to disciplined traders and scale buying power based on performance. We are not a brokerage, we do not run challenge accounts, and we do not sell evaluations. We profit only when our traders profit.