Remote Funded Covered Call Strategist — Boston, MA
Boston, MA
Maverick Trading
Generate income against equity holdings. Covered calls, wheel strategies, and laddered overwrites.
Third-largest US asset-management center, ET-aligned with the NYSE, and one of the deepest professional trader communities in the country.
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.
Trading from Boston, MA
Boston is the third-largest asset-management center in the US — Fidelity, State Street, MFS, Wellington, and Putnam are all headquartered here, and the mutual-fund industry as a category was largely invented in the city. Eastern Time alignment with the NYSE is clean, and the academic ecosystem (Harvard, MIT, Boston University) feeds the local quant-trader labor market.
Local ecosystem: Fidelity HQ, State Street HQ, Wellington, MFS, Putnam; Harvard, MIT, BU.
Time zone: ET — the NYSE opens at 9:30am local for traders based in Boston.
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.
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.