Options Market Making Interview Prep
A practical guide to options market making interview prompts: volatility, Greeks intuition, skew, and risk.
Candidates preparing for options-focused trading interviews.
What options prompts test
Options market making prompts test whether you understand optionality, volatility, directional exposure, and risk. You do not need to recite a pricing library, but you should explain how price changes with spot, volatility, time, and strike.
Concrete example
If implied volatility rises, both calls and puts generally become more valuable because the distribution widens. A market maker who is short options should care about that exposure even if spot has not moved.
How to practice
Practice Greek intuition in words: delta as directional exposure, gamma as changing delta, vega as volatility exposure, and theta as time decay. Then connect each Greek to quote width and risk limits.
Common mistakes
Candidates get lost in formulas and stop discussing risk. Another mistake is ignoring skew or assuming volatility is a single fixed input. Interviewers usually reward practical reasoning over memorized derivations.
Practice the pattern
Use the LeetQuidity curriculum and calibration to turn this topic into a focused practice plan.