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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hours per response: 23.8
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BARCLAYS BK PLC IPATH S&P500 VIX 06746L422 9,246 235,925 SH Put SOLE 235,925 0 0
ISHARES INC MSCI BRZ CAP ETF 464286400 834 20,000 SH Put SOLE 20,000 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 2,752 61,400 SH   SOLE 61,400 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 11,539 257,500 SH Put SOLE 257,500 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 29,636 200,000 SH Call SOLE 200,000 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 106,319 717,500 SH Put SOLE 717,500 0 0
ISHARES TR US AER DEF ETF 464288760 1,780 10,000 SH   SOLE 10,000 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 36,364 250,000 SH Put SOLE 250,000 0 0
POWERSHARES QQQ TRUST UNIT SER 1 73935A104 43,635 300,000 SH Call SOLE 300,000 0 0
PROSHARES TR II SHT VIX ST TRM 74347W627 178,125 1,900,000 SH Put SOLE 1,900,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 236,156 940,000 SH Call SOLE 940,000 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 50,247 200,000 SH Put SOLE 200,000 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 1,841 54,000 SH   SOLE 54,000 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 89,544 3,900,000 SH   SOLE 3,900,000 0 0
VANECK VECTORS ETF TR GOLD MINERS ETF 92189F106 4,592 200,000 SH Call SOLE 200,000 0 0
VANECK VECTORS ETF TR OIL SVCS ETF 92189F718 3,259 125,000 SH   SOLE 125,000 0 0