Options Trader Salary (April 2024) - Zippia (2024)

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 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.

zippia

$110,139yearly

glassdoor[1]

$143,826yearly

comparably[2]

$113,377yearly

Salary.com[3]

$76,888yearly

$97,436yearly

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:

Options Trader Salary (April 2024) - Zippia (1)

Highest paying states for options traders

RankStateAvg. SalaryHourly Rate
1New York$145,716$70.06
2Rhode Island$131,014$62.99
3Nevada$127,710$61.40
4New Hampshire$130,995$62.98
5Connecticut$124,312$59.77
6District of Columbia$123,930$59.58
7Michigan$110,495$53.12
8Ohio$106,981$51.43
9Delaware$126,904$61.01
10Texas$107,458$51.66
11Georgia$101,465$48.78
12West Virginia$107,283$51.58
13New Mexico$111,189$53.46
14Louisiana$106,466$51.19
15Oklahoma$104,931$50.45
16Utah$97,274$46.77
17Illinois$97,810$47.02
18Massachusetts$98,728$47.47
19Vermont$96,693$46.49
20Missouri$98,175$47.20
21South Carolina$95,750$46.03
22Kentucky$96,237$46.27
23Maine$96,974$46.62
24Minnesota$97,564$46.91
25Pennsylvania$91,724$44.10
26New Jersey$99,312$47.75
27California$94,560$45.46
28Maryland$97,602$46.92
29Iowa$88,145$42.38
30Wyoming$94,758$45.56
31Montana$96,197$46.25
32North Carolina$91,901$44.18
33Arkansas$92,343$44.40
34Florida$88,288$42.45
35Tennessee$83,874$40.32
36South Dakota$89,284$42.92
37Hawaii$98,372$47.29
38Mississippi$89,587$43.07
39Oregon$89,653$43.10
40Idaho$82,845$39.83
41Nebraska$79,814$38.37
42Arizona$88,653$42.62
43Virginia$89,420$42.99
44Alaska$89,298$42.93
45Kansas$86,399$41.54
46Indiana$76,456$36.76
47North Dakota$83,239$40.02
48Wisconsin$78,510$37.75
49Washington$85,823$41.26
50Colorado$74,449$35.79
51Alabama$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.

RankCityAvg. SalaryHourly Rate
1New York, NY$150,962$72.58
2Stamford, CT$125,345$60.26
3Greenwich, CT$125,289$60.24
4Detroit, MI$111,949$53.82
5Houston, TX$108,035$51.94
6Stone Mountain, GA$101,308$48.71
7Chicago, IL$98,847$47.52
8Philadelphia, PA$92,650$44.54
9Newport Beach, CA$92,451$44.45
10Montreal, 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.

Options Trader Salary (April 2024) - Zippia (2)

What is an options trader's salary?

PercentileAnnual SalaryMonthly SalaryHourly 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 TitleAnnual SalaryMonthly SalaryHourly RateJob Openings
Foreign Exchange Trader$115,133$9,594$55.3517,829
Hedge Fund Trader$117,549$9,796$56.5112,689
Commodity Trader$93,220$7,768$44.8210,906
Equity Trader$101,759$8,480$48.9217,507
Trader$90,179$7,515$43.3617,351
Forex Trader$115,092$9,591$55.3317,582

Top companies hiring options traders now:

  1. The Citadel Jobs (10)
  2. Royal Bank of Canada Jobs (4)
  3. Standard Chartered Jobs (4)
  4. DRW Jobs (8)
  5. 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.

RankCompanyAverage SalaryHourly Rate
1The Citadel$166,452$80.03
2Pacific Investment Management Company LLC$149,227$71.74
3Hess$141,065$67.82
4Sumitomo Mitsui Financial Group$126,030$60.59
5MUFG EMEA$125,295$60.24
6HSBC Bank$124,129$59.68
7DTE Energy$120,731$58.04
8Barclays$119,808$57.60
9Standard Chartered$119,665$57.53
10DRW$119,603$57.50
11Tower Research Capital$118,733$57.08
12Belvedere Trading$118,355$56.90
13RBS Securities$118,275$56.86
14PEAK6$117,085$56.29
15Virtu Financial$117,025$56.26
16Ronin$115,527$55.54
17SG Americas Securities Holdings, LLC$114,462$55.03
18Bluefin Trading LLC$114,453$55.03
19XR Trading$113,540$54.59
20Akuna 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

    YearAvg. SalaryHourly 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%

    Show more

    Recently added options trader salaries

    CompanyJobLocationDate AddedSalary
    Natwest GroupUS Options TraderStamford, CT06/09/2023$125,000
    Sumitomo Mitsui Banking CorporationFX Option Trader, VPNew York, NY03/23/2023$156,000
    Deutsche BankOptions Derivatives Trader-DirectorNew York, NY01/29/2023$190,000
    Sumitomo Mitsui Banking CorporationFX Option Trader, VPNew York, NY01/23/2023$156,000
    Gelber Securities, LLCEquity Options TraderChicago, IL12/27/2022$67,579
    Sumitomo Mitsui Financial GroupFX Option Trader, VPNew York, NY12/24/2022$156,000
    Natwest MarketsUS Options TraderStamford, CT12/10/2022$125,000
    Barclays PlcDirector, FX Options TraderNew York, NY10/29/2022$290,000
    Barclays PlcDirector, FX Options TraderNew York, NY10/29/2022$290,000
    Monex USA (Formerly Tempus, Inc.)JR. Options TraderNew York, NY10/19/2022$70,000

    Show more

    Options Trader salary FAQs

    Have more questions?

    See all answers to common sales questions.

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    • Options Trader Salary

    Updated April 5, 2024

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    Options Trader Salary (April 2024) - Zippia (2024)

    FAQs

    Options Trader Salary (April 2024) - Zippia? ›

    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.

    What is the yearly income for option trading? ›

    Option Trader salary in India ranges between ₹ 1.0 Lakhs to ₹ 8.0 Lakhs with an average annual salary of ₹ 3.0 Lakhs. Salary estimates are based on 85 latest salaries received from Option Traders.

    What is the average age of options traders? ›

    Interestingly enough, the average age of options traders is 40+ years old, which represents 58% of the population.

    What percentage of option traders make money? ›

    Out of the 45.24 lakh individual traders in futures and options (F&O) in the financial year 2021-22, only 11% made profit, shows a report by Securities and Exchange Board of India (Sebi).

    How much do FX options traders make? ›

    How much does a Fx Options Trader make? As of May 21, 2024, the average annual pay for a Fx Options Trader in the United States is $101,533 a year. Just in case you need a simple salary calculator, that works out to be approximately $48.81 an hour. This is the equivalent of $1,952/week or $8,461/month.

    How much do option day traders make a year? ›

    Options Trader Salary
    Annual SalaryMonthly Pay
    Top Earners$190,000$15,833
    75th Percentile$175,000$14,583
    Average$112,369$9,364
    25th Percentile$49,000$4,083

    What is the annual salary of an option trader? ›

    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.

    Can you make a living off options trading? ›

    How Much Does an Options Trader Make? It's realistic for an options trader to make at least $100,000 per year or more full-time, but it's important to realize that most traders won't make this amount. It takes hard work, mental discipline, and proper capital for a trader to make this kind of money.

    How much do beginner options traders make? ›

    How much money can you make trading options? It's realistic to make anywhere between 10% – $50% or more per trade. If you have at least $10,000 or more in an account, you could make $250 – $1,000 or more trading them. It's important to manage your risk properly by trading them.

    Is 30 too old to become a trader? ›

    Absolutely. In fact, a good fraction of quantitative analysts, traders and developers make the change to finance only in their late twenties or early-to-mid thirties. In this article I'm going to talk about how you can achieve the same thing. Age really isn't a barrier in financial markets.

    Has anyone become rich trading options? ›

    Not everyone can be a successful options trader. However, some can and do get quite rich trading options. Becoming a successful options trader requires a specific skill set, personality type, and attitude, like any undertaking. These are not beyond your reach if you truly desire to learn.

    Why do over 90% of options traders lose money? ›

    The futures and options (F&O) market is a complex and risky market, and it is no surprise that 9 out of 10 traders lose money in it. There are many reasons for this, but some of the most common include: Lack of knowledge: Many traders enter the F&O market without a good understanding of how it works.

    Is option trading a high income skill? ›

    Trading can be a high-income skill if done correctly. However, several factors affect how much you can earn from trading. These include: Experience: The more experience you have in trading, the better your chances of making a profit.

    Why do options traders make so much money? ›

    Buying. An option buyer begins their trade with a buy (or buy-to-open) order and closes it with a sell (or sell-to-close) order. An option buyer can make a substantial return on investment if the option trade works out. This is because a stock price can move significantly beyond the strike price.

    Can options trading make you a billionaire? ›

    Can Options Trading Make You Wealthy? Yes, options trading can make you a lot of money — if you understand how it works, invest smart and maybe have a little luck. You can also lose money trading options, so make sure you do your research before you get started. There are two primary types of options: calls and puts.

    Is trading options a good career? ›

    A career as an options trader can be lucrative, but there is also an inherent risk in speculative investing. If an options trader works for a large firm, such as a hedge fund, they are paid a base salary and then earn commissions for profitably buying and selling options.

    What is the income potential for options trading? ›

    How much money can you make trading options? It's realistic to make anywhere between 10% – $50% or more per trade. If you have at least $10,000 or more in an account, you could make $250 – $1,000 or more trading them. It's important to manage your risk properly by trading them.

    Does options trading count as income? ›

    You have taxable income or deductible loss when you sell the stock you bought by exercising the option. You generally treat this amount as a capital gain or loss. However, if you don't meet special holding period requirements, you'll have to treat income from the sale as ordinary income.

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