The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
APPLE INC COM 037833100   1,578,746 8,200 SH Call SOLE   8,200 0 0
APPLE INC COM 037833100   1,578,746 8,200 SH Put SOLE   8,200 0 0
AUTOZONE INC COM 053332102   8,015,391 3,100 SH Put SOLE   3,100 0 0
CARNIVAL CORP UNIT 99/99/9999 143658300   11,522,610 621,500 SH Put SOLE   621,500 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106   470,807 258,685 SH   DFND 1 258,685 0 0
CLEAR CHANNEL OUTDOOR HLDGS COM 18453H106   12,934,747 7,107,004 SH   SOLE   7,107,004 0 0
COMMSCOPE HLDG CO INC COM 20337X109   2,191,140 777,000 SH   SOLE   777,000 0 0
DIEBOLD NIXDORF INC COM SHS 253651202   1,377,441 47,580 SH   SOLE   47,580 0 0
DIVERSIFIED HEALTHCARE TR COM SH BEN INT 25525P107   374,000 100,000 SH   SOLE   100,000 0 0
ECOVYST INC COM 27923Q109   8,959,090 917,000 SH   SOLE   917,000 0 0
GREENFIRE RES LTD NEW COM SHS 39525U107   131,862 27,132 SH   DFND 1 27,132 0 0
GREENFIRE RES LTD NEW COM SHS 39525U107   28,423,360 5,848,428 SH   SOLE   5,848,428 0 0
IHEARTMEDIA INC COM CL A 45174J509   984,608 368,767 SH   SOLE   368,767 0 0
INVESCO QQQ TR UNIT SER 1 46090E103   2,661,880 6,500 SH Put SOLE   6,500 0 0
ISHARES TR IBOXX INV CP ETF 464287242   409,442,000 3,700,000 SH Put SOLE   3,700,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   328,923,548 1,638,800 SH Call SOLE   1,638,800 0 0
ISHARES TR RUSSELL 2000 ETF 464287655   1,019,606,800 5,080,000 SH Put SOLE   5,080,000 0 0
ISHARES TR 20 YR TR BD ETF 464287432   692,160,000 7,000,000 SH Call SOLE   7,000,000 0 0
LAUDER ESTEE COS INC CL A 518439104   1,564,875 10,700 SH Call SOLE   10,700 0 0
LAUDER ESTEE COS INC CL A 518439104   1,564,875 10,700 SH Put SOLE   10,700 0 0
LIBERTY LATIN AMERICA LTD NOTE 2.000% 7/1 53069QAB5   2,296,084 2,360,000 PRN   SOLE   2,360,000 0 0
LIBERTY MEDIA CORP DEL DEB 3.750% 2/1 530715AL5   3,151,250 12,605,000 PRN   DFND 1 12,605,000 0 0
LIBERTY MEDIA CORP DEL DEB 3.750% 2/1 530715AL5   21,933,500 87,734,000 PRN   SOLE   87,734,000 0 0
LIBERTY MEDIA CORP DEL DEB 4.000%11/1 530715AG6   321,250 1,285,000 PRN   DFND 1 1,285,000 0 0
LIBERTY MEDIA CORP DEL DEB 4.000%11/1 530715AG6   3,344,750 13,379,000 PRN   SOLE   13,379,000 0 0
MELCO RESORTS AND ENTMNT LTD ADR 585464100   9,252,960 1,042,000 SH   SOLE   1,042,000 0 0
PLAYAGS INC COM 72814N104   15,487,832 1,837,228 SH   SOLE   1,837,228 0 0
POLARIS INC COM 731068102   13,741,650 145,000 SH Put SOLE   145,000 0 0
QURATE RETAIL INC COM SER A 74915M100   2,554,340 2,917,578 SH   SOLE   2,917,578 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869   212,897 15,574 SH   DFND 1 15,574 0 0
SANDRIDGE ENERGY INC COM NEW 80007P869   455,320 33,308 SH   SOLE   33,308 0 0
SPDR SER TR S&P HOMEBUILD 78464A888   83,300,728 870,800 SH Put SOLE   870,800 0 0
SPDR SER TR S&P RETAIL ETF 78464A714   49,032,960 678,000 SH Put SOLE   678,000 0 0
THOR INDS INC COM 885160101   6,858,500 58,000 SH Call SOLE   58,000 0 0
TWO HARBORS INVENTMENT CORPO NOTE 6.250% 1/1 90187BAB7   1,225,919 1,325,000 PRN   SOLE   1,325,000 0 0
VISTRA CORP COM 92840M102   2,279,200 59,200 SH   SOLE   59,200 0 0
VISTRA CORP *W EXP 02/02/202 92840M128   207 28,415 SH   SOLE   28,415 0 0
WESTERN ASSET MORTGAGE CAPIT NOTE 6.750% 9/1 95790DAD7   24,931,700 25,430,000 PRN   SOLE   25,430,000 0 0