Remote Funded Covered Call Strategist
Maverick Trading
Generate income against equity holdings. Covered calls, wheel strategies, and laddered overwrites.
A covered call strategist at Maverick runs an income overlay on firm equity holdings. The role isn't about picking the next moonshot stock — it's about managing a portfolio of quality names and systematically generating premium against them. Done well, the strategy compounds an equity portfolio's return without taking on the open-ended risk of naked short calls.
What You'll Trade
Covered calls on firm-held equity positions, predominantly large-cap dividend-paying names and quality growth stocks. Some traders also run cash-secured puts on names they would be willing to own — the 'wheel' approach — to enter equity positions at a discount.
Day-to-Day
- Review the equity book: which positions are held, current cost basis, any positions approaching ex-dividend dates
- Identify covered-call candidates based on IV rank, delta, and days-to-expiration framework
- Execute call overwrites at the planned strikes — typically 20–35 delta, 30–45 days out
- Manage assigned positions: take assignment when the strike is right, roll when the underlying has moved too far
- Monitor portfolio-level call coverage; not every share needs to be covered every week
Risk Profile
Covered calls cap upside on the underlying — that's the trade. The risk is leaving large gains on the table when overwritten strikes are blown through. Maverick traders manage this by tiered coverage (only writing against a portion of a position) and by sizing call strikes based on the underlying's expected move and the trader's directional view.
Who Succeeds in This Role
- Traders who already think in portfolio terms — not single-position P&L
- People comfortable with a strategy whose returns are bounded but steady
- Candidates with a value-investing or income-investing background
- Traders who can resist the urge to chase higher premium by selling deep-ITM or far-OTM calls
Why This Role Exists at Maverick
Covered call programs are a legitimate institutional strategy run by major asset managers. The retail version is often poorly executed — wrong strikes, wrong sizing, wrong expirations. Maverick funds traders who run the strategy with institutional discipline against firm capital.
Open Locations
This role is open to US-based applicants. Browse covered call strategist positions by metro:
Covered Call Strategist
New York, NY
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Los Angeles, CA
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Chicago, IL
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Houston, TX
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Phoenix, AZ
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Philadelphia, PA
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San Antonio, TX
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San Diego, CA
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Dallas, TX
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San Jose, CA
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Austin, TX
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Jacksonville, FL
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Fort Worth, TX
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Columbus, OH
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Indianapolis, IN
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Charlotte, NC
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San Francisco, CA
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Seattle, WA
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Denver, CO
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Washington, DC
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Boston, MA
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El Paso, TX
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Nashville, TN
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Detroit, MI
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Oklahoma City, OK
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Portland, OR
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Las Vegas, NV
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Memphis, TN
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Louisville, KY
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Baltimore, MD
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Milwaukee, WI
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Albuquerque, NM
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Tucson, AZ
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Fresno, CA
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Sacramento, CA
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Kansas City, MO
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Mesa, AZ
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Atlanta, GA
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Omaha, NE
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Raleigh, NC
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Miami, FL
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Long Beach, CA
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Virginia Beach, VA
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Minneapolis, MN
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Tulsa, OK
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Arlington, TX
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Tampa, FL
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New Orleans, LA
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Wichita, KS
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Cleveland, OH