<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2019-03-01</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001461237</issuerCik>
        <issuerName>GRAHAM ALTERNATIVE INVESTMENT FUND II LLC</issuerName>
        <issuerTradingSymbol>none</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001768201</rptOwnerCik>
            <rptOwnerName>Schrade George Michael</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>40 HIGHLAND AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ROWAYTON</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06853</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>CFO, Graham Capital Management</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <remarks>Graham Capital Management, L.P., is the Manager of Graham Alternative Investment Fund I LLC.</remarks>

    <ownerSignature>
        <signatureName>George Schrade</signatureName>
        <signatureDate>2019-03-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
