Average options trader salary
$110,139
$52.95 hourly rate
Entry-level options trader salary
$65,000 yearly salary
Updated April 5, 2024
How much does an options trader make?
The average options trader salary in the United States is $110,139. Options trader salaries typically range between $65,000 and $185,000 yearly. The average hourly rate for options traders is $52.95 per hour. Options trader salary is impacted by location, education, and experience. Options traders earn the highest average salary in New York.
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Options trader salary by:
- State
- City
- Company
- Trends
Where can an Options Trader earn more?
Compare salary by location
Vs
173k
153k
133k
113k
93k
73k
53k
Compare salary by company
Vs
183k
163k
143k
123k
103k
83k
The Citadel$166,452
Akuna Capital$113,005
Options Trader salary estimates from across the web
Based on the latest salary information compiled by Zippia, Salary.com, Glassdoor, Comparably and Payscale, the average salary for an options trader typically falls between $76,888 and $143,826.
Average options trader salary by state
The highest-paying states for options traders are New York, Rhode Island, and New Hampshire. The lowest average options trader salary states are Idaho, Nebraska, and Wisconsin.
- State View
- County View
Average Salary:
Highest paying states for options traders
| Rank | State | Avg. Salary | Hourly Rate |
|---|---|---|---|
| 1 | New York | $145,716 | $70.06 |
| 2 | Rhode Island | $131,014 | $62.99 |
| 3 | Nevada | $127,710 | $61.40 |
| 4 | New Hampshire | $130,995 | $62.98 |
| 5 | Connecticut | $124,312 | $59.77 |
| 6 | District of Columbia | $123,930 | $59.58 |
| 7 | Michigan | $110,495 | $53.12 |
| 8 | Ohio | $106,981 | $51.43 |
| 9 | Delaware | $126,904 | $61.01 |
| 10 | Texas | $107,458 | $51.66 |
| 11 | Georgia | $101,465 | $48.78 |
| 12 | West Virginia | $107,283 | $51.58 |
| 13 | New Mexico | $111,189 | $53.46 |
| 14 | Louisiana | $106,466 | $51.19 |
| 15 | Oklahoma | $104,931 | $50.45 |
| 16 | Utah | $97,274 | $46.77 |
| 17 | Illinois | $97,810 | $47.02 |
| 18 | Massachusetts | $98,728 | $47.47 |
| 19 | Vermont | $96,693 | $46.49 |
| 20 | Missouri | $98,175 | $47.20 |
| 21 | South Carolina | $95,750 | $46.03 |
| 22 | Kentucky | $96,237 | $46.27 |
| 23 | Maine | $96,974 | $46.62 |
| 24 | Minnesota | $97,564 | $46.91 |
| 25 | Pennsylvania | $91,724 | $44.10 |
| 26 | New Jersey | $99,312 | $47.75 |
| 27 | California | $94,560 | $45.46 |
| 28 | Maryland | $97,602 | $46.92 |
| 29 | Iowa | $88,145 | $42.38 |
| 30 | Wyoming | $94,758 | $45.56 |
| 31 | Montana | $96,197 | $46.25 |
| 32 | North Carolina | $91,901 | $44.18 |
| 33 | Arkansas | $92,343 | $44.40 |
| 34 | Florida | $88,288 | $42.45 |
| 35 | Tennessee | $83,874 | $40.32 |
| 36 | South Dakota | $89,284 | $42.92 |
| 37 | Hawaii | $98,372 | $47.29 |
| 38 | Mississippi | $89,587 | $43.07 |
| 39 | Oregon | $89,653 | $43.10 |
| 40 | Idaho | $82,845 | $39.83 |
| 41 | Nebraska | $79,814 | $38.37 |
| 42 | Arizona | $88,653 | $42.62 |
| 43 | Virginia | $89,420 | $42.99 |
| 44 | Alaska | $89,298 | $42.93 |
| 45 | Kansas | $86,399 | $41.54 |
| 46 | Indiana | $76,456 | $36.76 |
| 47 | North Dakota | $83,239 | $40.02 |
| 48 | Wisconsin | $78,510 | $37.75 |
| 49 | Washington | $85,823 | $41.26 |
| 50 | Colorado | $74,449 | $35.79 |
| 51 | Alabama | $71,791 | $34.51 |
Top options trader jobs near you
Highest paying cities for options traders
The highest-paying cities for options traders are New York, NY, Stamford, CT, and Greenwich, CT.
| Rank | City | Avg. Salary | Hourly Rate |
|---|---|---|---|
| 1 | New York, NY | $150,962 | $72.58 |
| 2 | Stamford, CT | $125,345 | $60.26 |
| 3 | Greenwich, CT | $125,289 | $60.24 |
| 4 | Detroit, MI | $111,949 | $53.82 |
| 5 | Houston, TX | $108,035 | $51.94 |
| 6 | Stone Mountain, GA | $101,308 | $48.71 |
| 7 | Chicago, IL | $98,847 | $47.52 |
| 8 | Philadelphia, PA | $92,650 | $44.54 |
| 9 | Newport Beach, CA | $92,451 | $44.45 |
| 10 | Montreal, WI | $82,880 | $39.85 |
Options Trader salary details
An options trader's salary ranges from $65,000 a year at the 10th percentile to $185,000 at the 90th percentile.
What is an options trader's salary?
| Percentile | Annual Salary | Monthly Salary | Hourly Rate |
|---|---|---|---|
| 90th Percentile | $185,000 | $15,417 | $89 |
| 75th Percentile | $145,000 | $12,083 | $70 |
| Average | $110,139 | $9,178 | $53 |
| 25th Percentile | $83,000 | $6,917 | $40 |
| 10th Percentile | $65,000 | $5,417 | $31 |
Highest paying options trader jobs
The highest paying types of options traders are hedge fund trader, energy derivatives trader, and day trader.
| Job Title | Annual Salary | Monthly Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| Foreign Exchange Trader | $115,133 | $9,594 | $55.35 | 17,829 |
| Hedge Fund Trader | $117,549 | $9,796 | $56.51 | 12,689 |
| Commodity Trader | $93,220 | $7,768 | $44.82 | 10,906 |
| Equity Trader | $101,759 | $8,480 | $48.92 | 17,507 |
| Trader | $90,179 | $7,515 | $43.36 | 17,351 |
| Forex Trader | $115,092 | $9,591 | $55.33 | 17,582 |
Top companies hiring options traders now:
- The Citadel Jobs (10)
- Royal Bank of Canada Jobs (4)
- Standard Chartered Jobs (4)
- DRW Jobs (8)
- PEAK6 Jobs (11)
Which companies pay options traders the most?
Options trader salaries at The Citadel and Pacific Investment Management Company LLC are the highest-paying according to our most recent salary estimates. In addition, the average options trader salary at companies like Hess and Sumitomo Mitsui Financial Group are highly competitive.
| Rank | Company | Average Salary | Hourly Rate |
|---|---|---|---|
| 1 | The Citadel | $166,452 | $80.03 |
| 2 | Pacific Investment Management Company LLC | $149,227 | $71.74 |
| 3 | Hess | $141,065 | $67.82 |
| 4 | Sumitomo Mitsui Financial Group | $126,030 | $60.59 |
| 5 | MUFG EMEA | $125,295 | $60.24 |
| 6 | HSBC Bank | $124,129 | $59.68 |
| 7 | DTE Energy | $120,731 | $58.04 |
| 8 | Barclays | $119,808 | $57.60 |
| 9 | Standard Chartered | $119,665 | $57.53 |
| 10 | DRW | $119,603 | $57.50 |
| 11 | Tower Research Capital | $118,733 | $57.08 |
| 12 | Belvedere Trading | $118,355 | $56.90 |
| 13 | RBS Securities | $118,275 | $56.86 |
| 14 | PEAK6 | $117,085 | $56.29 |
| 15 | Virtu Financial | $117,025 | $56.26 |
| 16 | Ronin | $115,527 | $55.54 |
| 17 | SG Americas Securities Holdings, LLC | $114,462 | $55.03 |
| 18 | Bluefin Trading LLC | $114,453 | $55.03 |
| 19 | XR Trading | $113,540 | $54.59 |
| 20 | Akuna Capital | $113,005 | $54.33 |
Wage gap by gender, race and education
$104,000$101,800$99,600$97,400$95,200$93,000
MaleFemale
Options Trader salary trends
The average options trader salary has fallen by $-12,397 over the last ten years. In 2014, the average options trader earned $122,536 annually, but today, they earn $110,139 a year. That works out to a -4% change in pay for options traders over the last decade.
Compare options trader salaries for cities or states with the national average over time.
Average options trader salary over time
Compare options trader salaries for individual cities or states with the national average.
Options Trader salary by year
| Year | Avg. Salary | Hourly Rate | % Change |
|---|---|---|---|
| 2024 | $110,000 | $52.95 | +3.9% |
| 2023 | $106,000 | $50.91 | -3.0% |
| 2022 | $109,000 | $52.42 | +0.5% |
| 2021 | $108,000 | $52.14 | -5.5% |
| 2020 | $114,000 | $55.03 | -6.3% |
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Recently added options trader salaries
| Company | Job | Location | Date Added | Salary |
|---|---|---|---|---|
| Natwest Group | US Options Trader | Stamford, CT | 06/09/2023 | $125,000 |
| Sumitomo Mitsui Banking Corporation | FX Option Trader, VP | New York, NY | 03/23/2023 | $156,000 |
| Deutsche Bank | Options Derivatives Trader-Director | New York, NY | 01/29/2023 | $190,000 |
| Sumitomo Mitsui Banking Corporation | FX Option Trader, VP | New York, NY | 01/23/2023 | $156,000 |
| Gelber Securities, LLC | Equity Options Trader | Chicago, IL | 12/27/2022 | $67,579 |
| Sumitomo Mitsui Financial Group | FX Option Trader, VP | New York, NY | 12/24/2022 | $156,000 |
| Natwest Markets | US Options Trader | Stamford, CT | 12/10/2022 | $125,000 |
| Barclays Plc | Director, FX Options Trader | New York, NY | 10/29/2022 | $290,000 |
| Barclays Plc | Director, FX Options Trader | New York, NY | 10/29/2022 | $290,000 |
| Monex USA (Formerly Tempus, Inc.) | JR. Options Trader | New York, NY | 10/19/2022 | $70,000 |
Show more
Options Trader salary FAQs
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Updated April 5, 2024
