<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001396092</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000055568</seriesId>
        <classId>C000174912</classId>
        <classId>C000174911</classId>
        <classId>C000195359</classId>
        <classId>C000174910</classId>
        <classId>C000174909</classId>
      </seriesClassInfo>


    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>World Funds Trust</regName>
      <regFileNumber>811-22172</regFileNumber>
      <regCik>0001396092</regCik>
      <regLei>5493007BOSPYEMKSSY03</regLei>
      <regStreet1>8730 Stony Point Parkway</regStreet1>
      <regStreet2>Suite 205</regStreet2>
      <regCity>Richmond</regCity>
      <regStateConditional regCountry="US" regState="US-VA"/>
      <regZipOrPostalCode>23235</regZipOrPostalCode>
      <regPhone>800-673-0550</regPhone>
      <seriesName>Cboe Vest US Large Cap 20% Buffer Strategies Fund</seriesName>
      <seriesId>S000055568</seriesId>
      <seriesLei>549300TEUS5B7G402L88</seriesLei>
      <repPdEnd>2022-10-31</repPdEnd>
      <repPdDate>2022-10-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>29221287.69</totAssets>
      <totLiabs>1475124.72</totLiabs>
      <netAssets>27746162.97</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>61132.58000000</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000174912" rtn1="-0.80000000" rtn2="-3.39000000" rtn3="3.34000000"/>
          <monthlyTotReturn classId="C000174911" rtn1="-0.82000000" rtn2="-3.32000000" rtn3="3.26000000"/>
          <monthlyTotReturn classId="C000195359" rtn1="-0.78000000" rtn2="-3.48000000" rtn3="3.44000000"/>
          <monthlyTotReturn classId="C000174910" rtn1="-0.88000000" rtn2="-3.57000000" rtn3="3.33000000"/>
          <monthlyTotReturn classId="C000174909" rtn1="-0.85000000" rtn2="-3.43000000" rtn3="3.55000000"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <equityContracts>
            <mon1 netRealizedGain="-685559.03000000" netUnrealizedAppr="363578.11000000"/>
            <mon2 netRealizedGain="-303177.24000000" netUnrealizedAppr="-464937.94000000"/>
            <mon3 netRealizedGain="250798.38000000" netUnrealizedAppr="648419.10000000"/>
            <optionCategory>
              <instrMon1 netRealizedGain="-685559.03000000" netUnrealizedAppr="363578.11000000"/>
              <instrMon2 netRealizedGain="-303177.24000000" netUnrealizedAppr="-464937.94000000"/>
              <instrMon3 netRealizedGain="250798.38000000" netUnrealizedAppr="648419.10000000"/>
            </optionCategory>
          </equityContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
        <othMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
        <othMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
      </returnInfo>
      <mon1Flow redemption="7720434.54999999" reinvestment="0.00000000" sales="12237553.18999999"/>
      <mon2Flow redemption="523115.77000000" reinvestment="0.00000000" sales="3872688.57000000"/>
      <mon3Flow redemption="247160.43000000" reinvestment="0.00000000" sales="2859073.12000000"/>



      <varInfo>

        <fundsDesignatedInfo>
          <nameDesignatedIndex>S&amp;P 500 (TR)</nameDesignatedIndex>
          <indexIdentifier>500TR</indexIdentifier>

        </fundsDesignatedInfo>

      </varInfo>
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>CALL SPDR S&amp;P 500 ETF 08/16/2023 C483.94</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230816C00483940"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-21488.51000000</valUSD>
        <pctVal>-0.07744678074</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>CALL SPDR S&amp;P 500 ETF 08/16/2023 C483.94</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230816C00483940"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>483.94000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-08-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>40795.38000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 06/21/2023 P303.35</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230621P00303350"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-35375.20000000</valUSD>
        <pctVal>-0.12749582721</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 06/21/2023 P303.35</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230621P00303350"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>303.35000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-06-21</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>23222.99000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 11/16/2022 P468.13</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   221116P00468130"/>
        </identifiers>
        <balance>54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>438722.46000000</valUSD>
        <pctVal>1.581200472563</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 11/16/2022 P468.13</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   221116P00468130"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>54.00000000</shareNo>
            <exercisePrice>468.13000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-11-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>132398.64000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 06/21/2023 P379.19</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230621P00379190"/>
        </identifiers>
        <balance>54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>128622.02000000</valUSD>
        <pctVal>0.463566872792</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 06/21/2023 P379.19</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230621P00379190"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>54.00000000</shareNo>
            <exercisePrice>379.19000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-06-21</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-16261.47000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>CALL SPDR S&amp;P 500 ETF 11/21/2024 C0.01</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   241121C00000010"/>
        </identifiers>
        <balance>366.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13811762.69000000</valUSD>
        <pctVal>49.77900081151</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>CALL SPDR S&amp;P 500 ETF 11/21/2024 C0.01</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   241121C00000010"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>366.00000000</shareNo>
            <exercisePrice>0.01000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-11-21</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-427676.43000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 09/20/2023 P301.91</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230920P00301910"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-47416.60000000</valUSD>
        <pctVal>-0.17089426041</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 09/20/2023 P301.91</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230920P00301910"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>301.91000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-09-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>13664.32000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 07/19/2023 P315.81</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230719P00315810"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-48381.39000000</valUSD>
        <pctVal>-0.17437146192</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 07/19/2023 P315.81</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230719P00315810"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>315.81000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-07-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>14632.70000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>CALL SPDR S&amp;P 500 ETF 07/19/2023 C451.96</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230719C00451960"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-45782.40000000</valUSD>
        <pctVal>-0.16500443700</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>CALL SPDR S&amp;P 500 ETF 07/19/2023 C451.96</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230719C00451960"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>451.96000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-07-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>40743.05000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 08/16/2023 P426.64</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230816P00426640"/>
        </identifiers>
        <balance>54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>258437.50000000</valUSD>
        <pctVal>0.931435097095</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 08/16/2023 P426.64</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230816P00426640"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>54.00000000</shareNo>
            <exercisePrice>426.64000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-08-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>45784.84000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>CALL SPDR S&amp;P 500 ETF 03/15/2023 C479.01</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230315C00479010"/>
        </identifiers>
        <balance>-46.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-3537.52000000</valUSD>
        <pctVal>-0.01274958272</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>CALL SPDR S&amp;P 500 ETF 03/15/2023 C479.01</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230315C00479010"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-46.00000000</shareNo>
            <exercisePrice>479.01000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-03-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>41234.37000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 03/15/2023 P348.5</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230315P00348500"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-49439.53000000</valUSD>
        <pctVal>-0.17818510636</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 03/15/2023 P348.5</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230315P00348500"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>348.50000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-03-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>23991.81000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>CALL SPDR S&amp;P 500 ETF 04/19/2023 C489.4</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230419C00489400"/>
        </identifiers>
        <balance>-46.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-3853.68000000</valUSD>
        <pctVal>-0.01388905559</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>CALL SPDR S&amp;P 500 ETF 04/19/2023 C489.4</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230419C00489400"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-46.00000000</shareNo>
            <exercisePrice>489.40000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-04-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>36429.27000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>CALL SPDR S&amp;P 500 ETF 09/20/2023 C436.83</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230920C00436830"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-87266.92000000</valUSD>
        <pctVal>-0.31451887633</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>CALL SPDR S&amp;P 500 ETF 09/20/2023 C436.83</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230920C00436830"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>436.83000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-09-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-15643.24000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 02/15/2023 P357.27</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230215P00357270"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-50042.33000000</valUSD>
        <pctVal>-0.18035765901</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 02/15/2023 P357.27</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230215P00357270"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>357.27000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-02-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>27956.62000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>CALL SPDR S&amp;P 500 ETF 06/21/2023 C436.08</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230621C00436080"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-59817.42000000</valUSD>
        <pctVal>-0.21558807992</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>CALL SPDR S&amp;P 500 ETF 06/21/2023 C436.08</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230621C00436080"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>436.08000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-06-21</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>38213.78000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>CALL SPDR S&amp;P 500 ETF 12/21/2022 C500.28</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   221221C00500280"/>
        </identifiers>
        <balance>-44.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-37.54000000</valUSD>
        <pctVal>-0.00013529798</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>CALL SPDR S&amp;P 500 ETF 12/21/2022 C500.28</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   221221C00500280"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-44.00000000</shareNo>
            <exercisePrice>500.28000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-12-21</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>11962.01000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>CALL SPDR S&amp;P 500 ETF 11/16/2022 C495.12</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   221116C00495120"/>
        </identifiers>
        <balance>-24.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-0.18000000</valUSD>
        <pctVal>-0.00000064873</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>CALL SPDR S&amp;P 500 ETF 11/16/2022 C495.12</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   221116C00495120"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-24.00000000</shareNo>
            <exercisePrice>495.12000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-11-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>10938.37000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 01/18/2023 P361.39</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230118P00361390"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-44183.82000000</valUSD>
        <pctVal>-0.15924299171</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 01/18/2023 P361.39</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230118P00361390"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>361.39000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-01-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>32031.16000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 05/17/2023 P313.48</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230517P00313480"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-35658.28000000</valUSD>
        <pctVal>-0.12851607639</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 05/17/2023 P313.48</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230517P00313480"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>313.48000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-05-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>22539.91000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>CALL SPDR S&amp;P 500 ETF 05/17/2023 C441.22</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230517C00441220"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-42297.60000000</valUSD>
        <pctVal>-0.15244486254</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>CALL SPDR S&amp;P 500 ETF 05/17/2023 C441.22</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230517C00441220"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>441.22000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-05-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>47602.77000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 03/15/2023 P435.61</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230315P00435610"/>
        </identifiers>
        <balance>54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>268330.72000000</valUSD>
        <pctVal>0.967091270566</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 03/15/2023 P435.61</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230315P00435610"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>54.00000000</shareNo>
            <exercisePrice>435.61000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-03-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>48573.25000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 10/18/2023 P294.8</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   231018P00294800"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-44369.94000000</valUSD>
        <pctVal>-0.15991378717</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 10/18/2023 P294.8</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   231018P00294800"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>294.80000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-10-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>14634.54000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 02/15/2023 P446.59</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230215P00446590"/>
        </identifiers>
        <balance>54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>317411.24000000</valUSD>
        <pctVal>1.143982468290</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 02/15/2023 P446.59</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230215P00446590"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>54.00000000</shareNo>
            <exercisePrice>446.59000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-02-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>71978.46000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 11/16/2022 P374.5</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   221116P00374500"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-22235.43000000</valUSD>
        <pctVal>-0.08013875656</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 11/16/2022 P374.5</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   221116P00374500"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>374.50000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-11-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>50381.65000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 01/18/2023 P451.74</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230118P00451740"/>
        </identifiers>
        <balance>54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>345523.72000000</valUSD>
        <pctVal>1.245302712211</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 01/18/2023 P451.74</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230118P00451740"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>54.00000000</shareNo>
            <exercisePrice>451.74000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-01-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>87120.94000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Default</name>
        <lei>N/A</lei>
        <title>Federated Treasury Obligations Fund Institutional Class</title>
        <cusip>60934N500</cusip>
        <identifiers>
          <isin value="US60934N5005"/>
        </identifiers>
        <balance>545434.01000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>545434.01000000</valUSD>
        <pctVal>1.965799777755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 08/16/2023 P341.31</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230816P00341310"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-78179.62000000</valUSD>
        <pctVal>-0.28176732070</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 08/16/2023 P341.31</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230816P00341310"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>341.31000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-08-16</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-4596.00000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 04/19/2023 P355.77</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230419P00355770"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-69970.50000000</valUSD>
        <pctVal>-0.25218081532</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 04/19/2023 P355.77</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230419P00355770"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>355.77000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-04-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>15994.57000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 12/21/2022 P470.59</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   221221P00470590"/>
        </identifiers>
        <balance>54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>451002.25000000</valUSD>
        <pctVal>1.625458087619</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 12/21/2022 P470.59</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   221221P00470590"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>54.00000000</shareNo>
            <exercisePrice>470.59000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-12-21</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>122229.47000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 10/18/2023 P368.49</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   231018P00368490"/>
        </identifiers>
        <balance>54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>136937.22000000</valUSD>
        <pctVal>0.493535701307</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 10/18/2023 P368.49</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   231018P00368490"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>54.00000000</shareNo>
            <exercisePrice>368.49000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-10-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-44862.94000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>CALL SPDR S&amp;P 500 ETF 10/18/2023 C437.37</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   231018C00437370"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-95506.81000000</valUSD>
        <pctVal>-0.34421627993</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>CALL SPDR S&amp;P 500 ETF 10/18/2023 C437.37</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   231018C00437370"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>437.37000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-10-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-31520.45000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>CALL SPDR S&amp;P 500 ETF 01/18/2023 C484.87</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230118C00484870"/>
        </identifiers>
        <balance>-46.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-554.26000000</valUSD>
        <pctVal>-0.00199760954</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>CALL SPDR S&amp;P 500 ETF 01/18/2023 C484.87</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230118C00484870"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-46.00000000</shareNo>
            <exercisePrice>484.87000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-01-18</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>25799.58000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 05/17/2023 P391.85</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230517P00391850"/>
        </identifiers>
        <balance>54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>146146.30000000</valUSD>
        <pctVal>0.526726164471</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 05/17/2023 P391.85</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230517P00391850"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>54.00000000</shareNo>
            <exercisePrice>391.85000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-05-17</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-6055.18000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 04/19/2023 P444.7</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230419P00444700"/>
        </identifiers>
        <balance>54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>311917.89000000</valUSD>
        <pctVal>1.124183874855</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 04/19/2023 P444.7</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230419P00444700"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>54.00000000</shareNo>
            <exercisePrice>444.70000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-04-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>67308.41000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>CALL SPDR S&amp;P 500 ETF 11/15/2023 C0.01</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   231115C00000010"/>
        </identifiers>
        <balance>102.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3886377.72000000</valUSD>
        <pctVal>14.00690150995</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>CALL SPDR S&amp;P 500 ETF 11/15/2023 C0.01</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   231115C00000010"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>102.00000000</shareNo>
            <exercisePrice>0.01000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-11-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-580718.18000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 07/19/2023 P394.76</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230719P00394760"/>
        </identifiers>
        <balance>54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>168609.12000000</valUSD>
        <pctVal>0.607684457783</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 07/19/2023 P394.76</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230719P00394760"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>54.00000000</shareNo>
            <exercisePrice>394.76000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-07-19</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>2859.63000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 12/21/2022 P376.47</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   221221P00376470"/>
        </identifiers>
        <balance>-54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-54716.07000000</valUSD>
        <pctVal>-0.19720229445</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 12/21/2022 P376.47</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   221221P00376470"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-54.00000000</shareNo>
            <exercisePrice>376.47000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2022-12-21</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>35534.66000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>PUT SPDR S&amp;P 500 ETF 09/20/2023 P377.38</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230920P00377380"/>
        </identifiers>
        <balance>54.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>146535.79000000</valUSD>
        <pctVal>0.528129926139</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Put</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>PUT SPDR S&amp;P 500 ETF 09/20/2023 P377.38</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230920P00377380"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>54.00000000</shareNo>
            <exercisePrice>377.38000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-09-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-28840.87000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>CALL SPDR S&amp;P 500 ETF 02/20/2024 C0.02</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   240220C00000020"/>
        </identifiers>
        <balance>190.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7215376.14000000</valUSD>
        <pctVal>26.00495119920</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>CALL SPDR S&amp;P 500 ETF 02/20/2024 C0.02</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   240220C00000020"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>190.00000000</shareNo>
            <exercisePrice>0.02000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2024-02-20</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>146276.31000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SPDR S&amp;P 500 ETF</name>
        <lei>N/A</lei>
        <title>CALL SPDR S&amp;P 500 ETF 02/15/2023 C482.91</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US78462F1030"/>
          <other otherDesc="OCC" value="SPY   230215C00482910"/>
        </identifiers>
        <balance>-46.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-1313.33000000</valUSD>
        <pctVal>-0.00473337521</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="OPT">
            <counterparties>
              <counterpartyName>SG Americas</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Written</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>SPDR S&amp;P 500 ETF</issuerName>
                <issueTitle>CALL SPDR S&amp;P 500 ETF 02/15/2023 C482.91</issueTitle>
                <identifiers>
                  <other otherDesc="OCC" value="SPY   230215C00482910"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>-46.00000000</shareNo>
            <exercisePrice>482.91000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2023-02-15</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>33189.40000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2022-12-13</ncom:dateSigned>
      <ncom:nameOfApplicant>World Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>Ann MacDonald</ncom:signature>
      <ncom:signerName>Ann MacDonald</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
