Options market making
Akuna Capital interview guide
An options market maker: trader interviews are reported to add options theory – parity, the Greeks, volatility – to the usual probability and mental maths.
How the process usually runs
- 1
Online assessment
Maths and probability, with coding for engineering roles.
Practise: Mental arithmetic drills
- 2
Technical interviews
Probability, mental maths and options: payoffs, put–call parity and the Greeks.
Practise: Options lessons
- 3
Final round
Market making and options scenarios, with discussion of how a position should be hedged.
Practise: Options payoff simulator
What to revise
Weighted most heavily in reports: options theory, probability, mental maths. The topics below are where the 86 questions in the bank reported at Akuna Capital come from.
Questions reported at Akuna Capital
- You are convinced a stock will rise with probability 0.9 rather than the 0.5…Free solution
- Which has more vega: a one-month at-the-money option or a one-year at-the-money…Free solution
- How do you replicate a cash-or-nothing digital call?Free solution
- A vanilla call is worth $8 and the corresponding up-and-in call is worth $3.Free solution
- Why will no desk hold a naked short digital into expiry with the spot sitting…Free solution
- Starting from the bracket [0,5], how many bisection steps are needed to locate…Free solution
- An at-the-money one-year call on a $100 stock trades at $8, with rates at zero.Free solution
- What is the smallest group of people that guarantees at least three share a birth month?Foundation
- A path from (0,0) to (4,4) takes unit steps right or up.Foundation
- A five-card hand is dealt from a standard deck.Applied
A summary of what candidates publicly report, not information from Akuna Capital. Processes change by year, role and office. QuantMax is not affiliated with, endorsed by, or recruiting for Akuna Capital.