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| # | Issuer | Value | Shares | % Portfolio |
|---|---|---|---|---|
| 1 | STATE STR SPDR S&P 500 ETF TPUT | $13.6M | 20929900 | 30.84% |
| 2 | STATE STR SPDR S&P 500 ETF TCALL | $11.6M | 17804800 | 26.23% |
| 3 | INVESCO QQQ TRCALL | $8.2M | 14159800 | 18.52% |
| 4 | INVESCO QQQ TRPUT | $7.6M | 13130400 | 17.17% |
| 5 | ISHARES TRPUT | $1.3M | 5189900 | 2.92% |
| 6 | ISHARES TRCALL | $735K | 2967300 | 1.67% |
| 7 | NVIDIA CORPORATIONPUT | $262K | 1503400 | 0.59% |
| 8 | NVIDIA CORPORATIONCALL | $196K | 1127000 | 0.44% |
| 9 | TESLA INCCALL | $179K | 481700 | 0.41% |
| 10 | TESLA INCPUT | $163K | 441000 | 0.37% |
| 11 | STATE STR SPDR S&P 500 ETF T | $108K | 167153 | 0.24% |
| 12 | ISHARES BITCOIN TRUST ETFCALL | $52K | 1369700 | 0.12% |
| 13 | INVESCO QQQ TR | $39K | 68329 | 0.09% |
| 14 | ADVANCED MICRO DEVICES INCPUT | $38K | 191300 | 0.09% |
| 15 | NVIDIA CORPORATION | $34K | 196001 | 0.08% |
| 16 | ISHARES BITCOIN TRUST ETFPUT | $32K | 842300 | 0.07% |
| 17 | ADVANCED MICRO DEVICES INCCALL | $30K | 150700 | 0.07% |
| 18 | TESLA INC | $8K | 22574 | 0.02% |
| 19 | SPDR GOLD TR | $6K | 14900 | 0.01% |
| 20 | NETFLIX INC.CALL | $5K | 58300 | 0.01% |
| 21 | SPDR GOLD TRPUT | $4K | 11300 | 0.01% |
| 22 | NETFLIX INC.PUT | $3K | 36200 | 0.01% |
| 23 | ISHARES BITCOIN TRUST ETF | $1K | 41002 | 0.00% |
| 24 | COREWEAVE INCPUT | $1K | 19700 | 0.00% |
| 25 | APPLE INC | $0 | 339 | 0.00% |
| 26 | COREWEAVE INCCALL | $0 | 8000 | 0.00% |
| 27 | AMAZON COM INC | $0 | 118 | 0.00% |
| 28 | PROSHARES TR | $0 | 51 | 0.00% |
| 29 | SPDR GOLD TRCALL | $0 | 1700 | 0.00% |
| 30 | PROSHARES TR | $0 | 5614 | 0.00% |
| 31 | MICROSOFT CORP | $0 | 35 | 0.00% |
| 32 | COREWEAVE INC | $0 | 1100 | 0.00% |
Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.