Interview Guides

All Options Interview Guide

Last updated: Sep 21st, 2025
12 min read
TradeIQ Team

Navigate the All Options interview process with our comprehensive guide covering online assessments, technical interviews, and insider strategies for success at this Amsterdam-based equity derivatives trading firm.

Introduction

All Options stands as a premier proprietary trading firm specializing in equity derivatives market making, with headquarters in Amsterdam and expansion into Austin. Their interview process reflects their commitment to identifying candidates who excel in fast-paced technical environments while maintaining strong cultural alignment with their entrepreneurial and quantitative trading focus.

Since their strategic pivot toward quantitative trading in 2019, All Options has refined their hiring process to emphasize speed, technical fundamentals, and the right mindset for equity derivatives trading. Their structured and transparent approach ensures candidates understand exactly what to expect at each stage.

Stage 1: Online Assessments
Multiple tests

Role-specific tests: Math, Sequences, Probability, Coding

Stage 2: HR Interview
30-45 minutes

Cultural fit, motivation, and basic trading knowledge

Stage 3: Technical Interview
45-60 minutes

Trading knowledge, problem-solving, and market making

Stage 4: Superday
Full day

Extended technical and cultural evaluation with senior staff

All Options Specializations:

Trading Focus

  • • Equity derivatives market making
  • • Options trading and strategies
  • • Quantitative trading since 2019
  • • Risk management and hedging

Company Culture

  • • Amsterdam headquarters with Austin expansion
  • • Entrepreneurial and proactive attitude
  • • Fast-paced technical environment
  • • Emphasis on fundamentals and mindset

Stage 1: Online Assessments

All Options' first stage consists of role-specific online assessments designed to evaluate your technical capabilities and quantitative thinking. The tests you encounter depend on whether you're applying for a Graduate Trader or Junior Quant Trader position, reflecting their tailored approach to different skill requirements.

Graduate Trader Assessments

Math Test
Red Test (same as Flow Traders Math Test)

Questions

80 questions

Time Limit

8 minutes

Rapid-fire arithmetic without calculators or scratch paper

Practice Tool:

Red Test (same as Flow Traders Math Test)

Sequences Test
Red Sequences Test (same as Flow Traders Sequences Test)

Questions

26 questions

Time Limit

5 minutes

Identify logic in number series and predict next values

Practice Tool:

Red Sequences Test (same as Flow Traders Sequences Test)

Junior Quant Trader Assessments

Sequences Test

Format

26 questions

Time

5 minutes

Pattern recognition and sequence logic

Practice:

Red Sequences Test

Probability Test

Format

10 questions

Time

180 seconds each

Dice, cards, coin problems with penalty scoring

Practice:

Orange/Brown Probability Tests

Coding Assignment

Format

Algorithm problems

Time

Variable

Basic algorithms, Python proficiency beneficial

Practice:

LeetCode, HackerRank practice

Probability Test Scoring Rules
+1

Correct Answer

Full credit for accurate responses

-1

Incorrect Answer

Penalty for wrong answers (probability test)

0

Skipped/Timed Out

No penalty for unanswered questions

Preparation Strategies by Test Type:

Math Test Focus

  • Practice mental math daily using our Red Test
  • Master shortcuts like rounding and estimation
  • Learn common decimal and fraction conversions
  • Maintain steady pace under pressure

Sequences Test Focus

  • Drill arithmetic and geometric sequences
  • Practice Fibonacci and square/cube patterns
  • Learn to identify time-consuming questions
  • Make educated guesses when needed

Stage 2: HR Interview

Successful candidates advance to a 30-45 minute HR interview conducted via phone or video call. This stage focuses on cultural fit, motivation, and your basic understanding of trading concepts, providing All Options with insights into your alignment with their values and trading focus.

Interview Format & Common Topics:

Core Questions

  • "Why do you want to be a trader?"

    Demonstrate genuine interest in trading career

  • "Why All Options specifically?"

    Show knowledge of their equity derivatives focus

  • "What is a market maker?"

    Basic understanding of market making concepts

Technical Basics

  • "What are call and put options?"

    Fundamental options knowledge

  • "Do you follow the markets?"

    Market awareness and interest

Preparation Strategy

Authentic Story

Prepare clear explanation of your trading interest

Honesty About Process

Be transparent if interviewing elsewhere

Company Knowledge

Understand their 2019 quantitative pivot

Key Qualities

Market Awareness

Stay updated on financial headlines, especially options

Entrepreneurial Attitude

Show proactive and driven mindset

Cultural Fit

Demonstrate alignment with their trading culture

Stage 3: Technical Interview

The technical interview is a 45-60 minute session conducted via video or in person with one or two traders. This stage evaluates your trading knowledge, problem-solving abilities, and decision-making under pressure, focusing on practical applications relevant to equity derivatives market making.

Technical Interview Topics

Mental Math Challenges
Quick calculations under pressure
Arithmetic without external aids
Market Making Simulations
Quoting bid/ask for mystery values
Risk assessment scenarios
Brain Teasers
Classic logic puzzles
Estimation problems
Options Theory
Greeks understanding
Arbitrage concepts
Implied volatility

Sample Technical Questions:

What happens to delta as the stock price rises?

Options Theory
Medium

How would you hedge a long put position?

Risk Management
Hard

If a coin is flipped 10 times, what's the chance of exactly 4 heads?

Probability
Medium
Success Strategies

Think Out Loud

Show your reasoning process clearly

Stay Calm

Avoid panicking when challenged

Core Concepts

Review finance and probability theory

Preparation Focus

Brain Teasers

Practice classic logic puzzles

Market Scenarios

Practice market-making simulations

Options Knowledge

Understand Greeks and arbitrage

Stage 4: Superday

The Superday combines all previous elements into a comprehensive full-day evaluation, conducted either onsite in Amsterdam or as an extended video session if you're not local. This stage involves multiple team members, including senior staff, and provides the most thorough assessment of your fit for All Options.

Superday Format:

Evaluation Components

  • Technical and cultural fit re-evaluation
  • In-depth trading and options strategy scenarios
  • Open-ended strategic questions
  • Informal chats for personality assessment

Interview Structure

  • Mix of technical, cultural, and scenario interviews
  • Small breaks between sessions
  • Multiple team members and senior staff involvement
  • Mutual evaluation opportunity

Example Superday Scenarios

Scenario 1: Market Making Strategy

Question:

How would you approach market making in a thinly traded stock option?

Focus Area:

Risk management and liquidity considerations

Scenario 2: Large Trade Risk Assessment

Question:

What risks would you watch out for if quoting a large trade?

Focus Area:

Market impact and position sizing

Scenario 3: Trading Strategy Discussion

Question:

Describe a trading strategy you find interesting

Focus Area:

Creativity and market understanding

Superday Success Strategies:

Preparation Approach

  • Revisit and polish answers from previous rounds
  • Maintain consistent energy throughout the day
  • Ask thoughtful questions about training and culture

Mindset & Approach

  • Treat as mutual evaluation - you're assessing them too
  • Demonstrate genuine interest in their trading approach
  • Show cultural fit and collaborative mindset

Closing Remarks

All Options' interview process is designed to be structured and transparent, emphasizing speed, technical fundamentals, and the right mindset for equity derivatives trading. Success requires demonstrating not just raw analytical ability, but also preparation, curiosity, and genuine motivation for trading.

Key Success Factors:

Technical Excellence

Strong fundamentals in math, probability, and options theory

Speed & Accuracy

Ability to perform under time pressure with precision

Cultural Fit

Entrepreneurial attitude and collaborative mindset

Final Preparation Insights:

The structured nature of All Options' process means you can prepare effectively for each stage. Focus on building speed in mental calculations, understanding options theory deeply, and developing the entrepreneurial mindset they value. Remember that their pivot toward quantitative trading in 2019 means they're looking for candidates who can thrive in a more technical, data-driven environment.

With the right practice and preparation using our specialized tools, you can confidently navigate each stage of the All Options interview process. Their emphasis on fundamentals and mindset means that thorough preparation and genuine enthusiasm for equity derivatives trading will serve you well throughout the entire process.

Ready to Excel at All Options?

Master the All Options interview process with our comprehensive preparation tools, including the Red Test series, probability questions, and market-making scenarios designed specifically for equity derivatives trading.