Remote Funded Options Volatility Trader — New Orleans, LA
New Orleans, LA
Maverick Trading
Trade vol as the asset class, not the underlying. Long and short vega, structured.
CT-aligned, energy-sector adjacency, and a cost of living dramatically below comparable Southeast metros.
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.
Trading from New Orleans, LA
New Orleans's financial industry is smaller than the major Texas metros but the city's energy-sector exposure (oil services, midstream) gives it useful commodity-driven context. Central Time alignment with US markets, and a dramatically lower cost of living than the major Southeast or Texas metros.
Local ecosystem: Tulane, Loyola; energy services industry.
Time zone: CT — the NYSE opens at 8:30am local for traders based in New Orleans.
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).
Day-to-Day
- Morning: review the vol surface — front-month IV, term structure slope, skew across underlyings the trader covers
- Update realized-vol estimates and compare to implied across the watchlist
- Enter new positions on identified mispricings; size off vega and gamma exposure, not notional
- Hedge delta where the strategy requires it; some trades stay delta-neutral, others run with a directional lean
- End of day: mark Greeks, review whether the day's realized vol moved the position in line with the thesis
Risk Profile
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.
Who Succeeds in This Role
- 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
Why This Role Exists at Maverick
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.
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.