Remote Funded Iron Condor Specialist — Boston, MA
Boston, MA
Maverick Trading
Defined-risk, range-bound options strategies on liquid US equities and indices.
Third-largest US asset-management center, ET-aligned with the NYSE, and one of the deepest professional trader communities in the country.
An iron condor specialist at Maverick runs a focused book of defined-risk, range-bound options structures — primarily iron condors, with occasional double diagonals or butterflies when the volatility environment calls for them. The discipline is narrow on purpose: traders who do one thing well, repeatedly, with strict management rules, are exactly the profile we fund.
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
Iron condors on SPX, NDX, RUT, and a watchlist of high-liquidity ETFs and large-cap names. Cycle selection is typically 30–60 days to expiration; some traders also run a weekly book on indices. Strike selection is delta-based, not arbitrary, and follows a documented framework.
Day-to-Day
- Morning check: review tested strikes, time decay status, and any positions approaching adjustment thresholds
- If a new cycle is open, scan for entries that meet IV rank and probability-of-profit thresholds
- Execute adjustments on rule-based triggers: roll the tested side, close at defined loss multiples, never average in
- Track expectancy across hundreds of cycles — the strategy lives and dies by sample size, not single trades
Risk Profile
Iron condors lose worst in fast, one-directional moves and in vol spikes. Maverick caps max loss per cycle, total open-cycle risk, and concentration in any single underlying. We don't size for a normal market; we size for the bad months, knowing they show up roughly once a year.
Who Succeeds in This Role
- Traders who already have a rule-based iron condor framework and can articulate every decision in it
- People who can sit through tested strikes without flinching out of position
- Candidates comfortable with a strategy that wins often but takes occasional larger losses
- Traders who track win rate, average win, and average loss separately — not just net P&L
Why This Role Exists at Maverick
Iron condors are one of the most popular retail options strategies — and one of the most consistently mismanaged. Maverick funds traders who do this strategy professionally: with proper sizing, disciplined adjustments, and the math worked out across the full distribution of outcomes, not just the best case.
Common Mistakes We See
The two career-killers we see most often: (1) widening the strikes after losses to 'make it back' — this concentrates risk exactly when it should be reduced — and (2) holding losing condors past the planned adjustment point because expiration is 'close.' Both are explicitly prohibited under our framework.
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.